People look out from the observation tower of the Marina Bay Sands in Singapore at public and private residential apartment buildings in this 2016 file photo. Photo: Reuters
In Singapore, foreign buying of private apartments drops to 17-year low
- Non-permanent resident apartment purchases accounted for just 4.1 per cent of total sales last year, according to an analysis of government data
- Purchases by non-resident Chinese also slumped, but they are still flocking to Singapore because of its political, financial and legal stability, analysts said
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Singapore
People look out from the observation tower of the Marina Bay Sands in Singapore at public and private residential apartment buildings in this 2016 file photo. Photo: Reuters