{"id":111504,"date":"2019-10-11T10:51:51","date_gmt":"2019-10-11T03:51:51","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-drives-sales-of-singapores-luxury-apartment-market\/"},"modified":"2019-10-11T11:58:18","modified_gmt":"2019-10-11T04:58:18","slug":"china-drives-sales-of-singapores-luxury-apartment-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-drives-sales-of-singapores-luxury-apartment-market\/","title":{"rendered":"China drives sales of Singapore\u2019s luxury apartment market"},"content":{"rendered":"


\nMainland Chinese nationals, considered as Singapore\u2019s largest foreigner buyer group, bought 97 of these units.
\nSales for the luxury segment of Singapore\u2019s residential market is on a high, due to increased interest from mainland Chinese, reported Bloomberg citing Colliers International Group.
\nIn the first nine months of 2019, foreigners bought 315 apartment units located at Singapore\u2019s prime core central region.
\nMainland Chinese nationals, considered as Singapore\u2019s largest foreigner buyer group, bought 97 of these units. In contrast, Hong Kongers bought only eight units.
\nThe sales figure is almost similar to the pace before cooling measures were introduced by the government in July 2018.
\nWhile some market observers expected the protests in Hong Kong to push people there to purchase property in the city-state, it appears that isn\u2019t necessarily the case.
\n\u201cThe increase in luxury home sales could be due to more China buyers seeking an alternative from Hong Kong, while others may have shifted funds from China after the yuan was devalued,\u201d said Tricia Song, Colliers head of research for Singapore.
\n\u201cBased on the available data, we have not seen any strong evidence to suggest a sharp inflow of Hong Kong money into Singapore residential properties. However, we note that there is more Chinese interest, particularly in luxury homes,\u201d said Song.
\nThe figures indicate that over the same period, 75 apartment units were bought for at least S$10 million, equal to all of 2010.
\n\u00a0
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…China drives sales of Singapore\u2019s luxury apartment market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mainland Chinese nationals, considered as Singapore\u2019s largest foreigner buyer group, bought 97 of these units....<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-111504","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-t0s","jetpack-related-posts":[{"id":8718,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singaporean-homes-still-a-hit-among-chinese-buyers\/","url_meta":{"origin":111504,"position":0},"title":"Singaporean homes still a hit among Chinese buyers","date":"March 21, 2016","format":false,"excerpt":"\r Things might have slowed down a bit, but overall it\u2019s better than 2008 Mainland Chinese and Malaysian buyers formed 54 percent of foreign home purchases in 2015 Despite facing weaker currencies and slowing economies, mainland Chinese and Malaysians remain the top foreign buyers of Singapore property, revealed DTZ. Together,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110927,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-millionaires-propel-singapores-luxury-home-sales-to-11-year-high\/","url_meta":{"origin":111504,"position":1},"title":"Chinese millionaires propel Singapore\u2019s luxury home sales to 11-year high","date":"September 20, 2019","format":false,"excerpt":"\r Sales of Singapore flats worth at least S$10 million (US$7.3 million) have hit an 11-year high, fuelled by increased demand from Chinese millionaires seeking safe-haven assets, property consultants OrangeTee & Tie said.Investors have long viewed Singapore as an island of stability that attracts the super-rich from its less developed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118595,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-property-market-gets-a-lift-amid-recession-with-tonic-from-mainland-chinese-buyers-unspecified-foreigners\/","url_meta":{"origin":111504,"position":2},"title":"Singapore\u2019s property market gets a lift amid recession with tonic from mainland Chinese buyers, \u2018unspecified foreigners\u2019","date":"September 11, 2020","format":false,"excerpt":"\r Singapore\u2019s property market is enjoying a sudden lift in an economy mired in recession. A category of buyers labelled as \u201cforeigners, unspecified\u201d, possibly including mainland Chinese, are behind the resurgence.Sales of new non-landed homes, typically referring to flats and condominiums, rose for a fourth straight month to 1,233 units\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70524,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-of-posh-high-rise-homes-to-grow-further\/","url_meta":{"origin":111504,"position":3},"title":"Sales of posh high-rise homes to grow further","date":"October 31, 2017","format":false,"excerpt":"\r Demand for upscale apartments located in high-rise buildings in prime locations here have risen over the past three and a half years, according to Leong Boon Hoe, CEO of List Sotheby\u2019s International Realty (LSIR), Singapore. Citing URA and LSIR data, he pointed out that sales of non-landed homes costing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27891,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-market-unaffected-by-indonesian-tax-amnesty\/","url_meta":{"origin":111504,"position":4},"title":"Singapore home market unaffected by Indonesian tax amnesty","date":"September 30, 2016","format":false,"excerpt":"\r Indonesian property holdings in Singapore have seen lower than expected\u00a0liquidation since the introduction of the TAS. The implementation of the Tax Amnesty Scheme (TAS) in Indonesia has not had any material impact on Singapore\u2019s residential segment, said Credit Suisse in a report. Credit Suisse noted that Indonesians have historically\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110108,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/en-bloc-aspirants-at-braddell-view-are-turning-to-hong-kong-or-mainland-developers\/","url_meta":{"origin":111504,"position":5},"title":"En Bloc Aspirants At Braddell View Are Turning To Hong Kong Or Mainland Developers","date":"August 22, 2019","format":false,"excerpt":"\r Sellers at Braddell View, Singapore\u2019s largest residential site, are turning their attention to developers from Hong Kong or mainland China. Spanning 1.14 million sq ft, the development above MacRitchie Reservoir Park was put up for sale in March for $2.08 billion or 1,159 per sq ft per plot ratio\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111504"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=111504"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111504\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=111504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=111504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=111504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}