Chart of the Day: Mainland Chinese buyers grab lion’s share of foreign property purchases

They accounted for 28.2% of all foreign buying in 9M14.

Well-heeled buyers from mainland China have been ramping up property purchases in Singapore since 2009. According to Maybank Kim Eng, PRC Chinese have been ramping up their purchases have emerged as the largest group of foreign purchasers from 2011.

In 9M14, mainland Chinese accounted for 28.2% of all foreign purchases and 8% of all property transactions.

“The holding power of Chinese investors, the largest group of foreign purchasers since 2011, is perceived to be strong but untested. There are concerns that the flurry of property purchases by foreigners and emergence of PRC Chinese as the largest group of foreign buyers could tilt the market balance,” stated Maybank Kim Eng.