Foreign homebuyers show different price preference

(SINGAPORE) Among the top foreign buyers of private homes last year, Asians (excluding Indonesians) primarily bought units in the $500,000 to $1 million range, while most Western buyers (Australians, UK and US citizens) picked up homes mostly in the $1.5-5 million range. Indonesians were in the same category as the Western buyers, with the $1.5-5…

Resales eat into developers’ share of Q4 deals

(SINGAPORE) A higher proportion of private home buyers turned to the resale market in Q4 2009 to pick up their dream homes instead of visiting a developer’s showflat. Fewer launches by developers in Q4 and the removal of the interest absorption scheme in September last year probably contributed to this shift. Jones Lang LaSalle (JLL)’s…