Property News · September 25, 2019

Singapore’s home sales soar in one of the world’s hottest real estate markets, driven by demand by Hong Kong, China investors


Singapore sold more luxury homes to foreigners in three months ended June than any other quarter during the past 12 years, as Chinese and Hong Kong investors sought a safe haven to park their money amid the escalating US-China trade war and deteriorating public order in Hong Kong. Up to 140 super luxury homes, those priced at more than S$8 million (US$5.8 million), or S$3,000 per square foot, were sold to foreigners in the second quarter, even with a 20 per cent additional buyer’s stamp duty…

Source : South China Morning Post
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