Fewer luxury homes sold to foreign buyers in Singapore - ANN

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Fewer luxury homes sold to foreign buyers in Singapore - ANN: Indonesians retreated from the luxury home market of Singapore in the first quarter to a much greater extent than buyers from China, India and the United States.

DTZ Research said Indonesian buyers bought 11 resold homes costing over S$5 million (US$3.95 million) in the three months to March 31, down from the 22 purchases made in the last quarter of last year - a fall of 50 per cent.


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