Why US Nationals are top target markets for Singapore's posh properties

They bought 5 units worth $5m each.

According to DTZ Research, USA is a more important market for high-end purchases now. Purchases by USA nationals remained resilient as they are not subject to the 15% ABSD for foreigners.

Here's more:

In Q1 2013, USA nationals bought five homes costing more than $5m each, coming in after the mainland Chinese and Indonesians. For purchases costing between $3m and $5m, USA nationals bought a total of five units in Q1 2013, higher than that transacted for the past three quarters.