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















