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Locals overtake foreigners?

khunking

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<table width="600" border="0" cellpadding="5" cellspacing="0"> <tbody> <tr> <td width="180" align="right">13:49, May 31, 2010</td></tr></tbody></table>
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Locals overtake foreigners as buyers of pricey homes in Singapore (2)

One reason could be partly due to more cautiousness as a result of the financial woes and uncertainties of the European countries, senior manager of Savills Research and Consultancy Christine Sun said.

Another might be that the Singapore currency is generally stronger against other currencies.

On the other hand, Singaporean buyers are more upbeat, especially after seeing the boost in Singapore's gross domestic product and the influx of tourists and investors, she said.

This strong optimism was reflected in the surge in high end private home sales, with an impressive 214 homes costing 5 million Singapore dollars or more being sold in the first four months of this year, surpassing the 208 for 2008.

This year's sales also amounted to 70 percent of the 307 homes sold in the whole of last year.Source:Xinhua

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upbeat? orly. you want to go count the tents on all the beaches of singapore? trinidad and some african countries....
 
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