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S'poreans' love affair with non-housing property fades

Purchases of industrial and commercial property continue to slide, erasing previous buying triggered by clampdown on residential sector

Published Sun, Jun 28, 2015 · 09:50 PM

Far East Organization

Singapore

SINGAPOREANS' move from the housing to non-residential market appears to be tapering out.

Figures show that purchases of industrial and commercial properties continued to plunge this year, a decline that started since the total debt servicing ratio (TDSR) was introduced two years ago. With individuals' share of total purchases still on the downward slide, companies have now emerged as key buyers in these segments.