Lower interest may have contributed to 1.3% drop in private home prices for third quarter
Foreigners have been buying fewer homes and possibly depressing prices in the process. Overseas buyers traditionally add to demand for more expensive homes, including those in the central region and city fringes but their share of purchases has been on the decline.
Foreigners picked up about 137 non-landed private homes in the third quarter, or about 4 per cent of overall non-landed sales.