Monday, March 7, 2011

Chinese Buying Up the World's Shelter

More mainland Chinese investing in Singapore property
Mainland Chinese buyers are now the second largest group of foreigners who buy homes in Singapore, falling behind to Malaysian buyers - who have typically dominated foreign ownership of property here.

Chinese buyers accounted for 23 per cent of foreign buyers in the fourth quarter of 2010, up 3 percentage points from the previous quarter.

How much of this money is leaving China legally? And will a future cash-strapped government try to track it down?

1 comment:

jesse said...

Why does this sound familiar? Ah yes, that was what the Japanese were doing 25 years ago.