Chart of the Day: Locals take the bulk of private home purchases in May

Uploaded By:  Janine Ballesteros Submitted By:  Janine Ballesteros Case Study:  No This amounts to 84% of the private home sales in May. This chart from PropNex research shows that the bulk of purchases, or 84% of the private home sales in May, were made by Singaporeans. This is a 2 percentage point (ppt) MoM increase from 82% in April. Meanwhile, foreign purchases declined by 2 ppt MoM to 16% over the same period. The number of homes purchased by foreign buyers started to drop in February and stayed depressed, largely due to travel bans that prevented foreigners from viewing and buying properties in Singapore. read more