Indians overtake Indonesians among foreign buyers

[SINGAPORE] Something unexpected has taken place in the second quarter of the year - Indonesians' share of private home purchases here by permanent residents and foreigners sank to a fresh low.

So much so that Indians zoomed past to emerge as the third largest group of non-Singaporean buyers in the quarter. Indonesians came in fourth.

In absolute numbers, though, purchases by both nationalities increased quarter on quarter amid an across-the-board rise in private home transactions, according to a DTZ analysis of URA Realis caveats data.