Private home purchases fell across the board in the first three
months of this year to just over 2,000 units - the first time in
more than five years that the number has dropped below 3,000
homes. However, foreigners' share of transactions edged up
because of a sharper pullback by Singaporean buyers.
Singaporeans' share - at 70 percent - is at its lowest since
the introduction of the additional buyer's stamp duty (ABSD) in
Q4 2011. In absolute terms, purchases by permanent residents
(PRs) and foreign buyers were also at their lowest levels since
the Q1 2009 market trough during the global financial crisis. (link.reuters.com/byx68v)
NOTE: Reuters has not verified this story and does not vouch
for its accuracy.
(Compiled by Rujun Shen; Editing by Anand Basu)