Property News · October 27, 2020

Singapore’s unique ‘collective sales’ lose appeal to investors even as housing market shows signs of early recovery


The Covid-19 pandemic has dulled investors’ appetite for choice pieces of property in Singapore even as the property market of the Southeast Asian financial hub is likely to be one of the first to recover from the global downturn.So far this year, there has been only one residential “collective sale” in Singapore. Yuen Sing Mansion in Geylang was sold in August for S$15.2 million (US$11.2 million) to a company owned by a Singaporean citizen and a Chinese national.Unique to Singapore, a…

Source : South China Morning Post
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