Singapore home-buying foreigner rate at 16-year high, Times says

Foreigners accounted for 16% of private home sales in Singapore in the first three months of the year, the highest since 1995 when the data became public, the Business Times said, citing property consultant DTZ.

Private home purchases by foreigners were 13% in the fourth quarter last year, according to the report.

Foreigners constituted 21% of homes purchases above $1.5 million in the first quarter, up from 17% in the preceding three months, the newspaper said.