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