{"id":46123,"date":"2017-03-02T10:28:54","date_gmt":"2017-03-02T03:28:54","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-is-second-most-favoured-destination-for-asian-uhnwis-to-own-homes\/"},"modified":"2017-03-02T10:31:59","modified_gmt":"2017-03-02T03:31:59","slug":"singapore-is-second-most-favoured-destination-for-asian-uhnwis-to-own-homes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-is-second-most-favoured-destination-for-asian-uhnwis-to-own-homes\/","title":{"rendered":"Singapore is second most favoured destination for Asian UHNWIs to own homes"},"content":{"rendered":"


\n\u00a0
\nSingapore has been ranked by Asian ultra-high-net-worth individuals (UHNWIs) as the second most preferred destination to acquire a residential property overseas after the UK, revealed Knight Frank\u2019s latest Wealth Report.
\nThis comes as concerns over currency, security, healthcare and education constitute important drivers of the global housing market, noted Tay Kah Poh, Executive Director and Head of Residential Services at Knight Frank Singapore.
\nThe city-state also emerged as the top destination for Asian UHNWIs looking to invest in commercial property, ahead of the UK and the US.
\nThe report defined UHNWIs as someone with a net worth of more than US$30 million excluding their primary residence.
\nAsia is home to 46,080 UHNWIs in 2016, with Singapore accounting for 2,500.
\n\u201cNotwithstanding the smaller community of UHNWIs in Singapore compared to other key Asian gateway cities, Singapore continues to appeal especially to the Asian community to live, work and set up shop, standing out as a magnet in the region for talent, investment and business,\u201d said Knight Frank Singapore Director & Head of Consultancy and Research Alice Tan.
\n\u201cThe moderated property prices from the effect of property cooling measures have enhanced the value proposition of Singapore property, and demand for property is gradually returning with improved transaction volume over the past year in 2016.\u201d
\nChristopher Chitty, Senior Content Specialist edited this story
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore is second most favoured destination for Asian UHNWIs to own homes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 Singapore has been ranked by Asian ultra-high-net-worth individuals (UHNWIs) as the second most preferred...<\/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-46123","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-bZV","jetpack-related-posts":[{"id":116343,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-residential-transactions-continued-to-push-on-during-circuit-breaker\/","url_meta":{"origin":46123,"position":0},"title":"Private residential transactions continued to push on during circuit breaker","date":"May 14, 2020","format":false,"excerpt":"\r There were 286 caveats lodged from 7 April to 30 April, according to Knight Frank Singapore.\u00a0 Despite the closure of showflats and restrictions of viewing of properties because of the circuit breaker measures, Singapore\u2019s real estate market still showed life. \u201cA quick count of real estate caveats across all\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6694,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-usd1-million-can-buy-you-in-singapore\/","url_meta":{"origin":46123,"position":1},"title":"What USD1 million can buy you in Singapore","date":"March 2, 2016","format":false,"excerpt":"\r Not a lot of living space Aerial view of Luxury yacht in Keppel Bay at Singapore For USD1 million, you can purchase 452 sqft of prime real estate in Singapore (or a small studio apartment), making it the world\u2019s seventh most expensive place to buy luxury property, noted findings\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8207,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/1-million-buys-you-452-sq-ft-in-singapore\/","url_meta":{"origin":46123,"position":2},"title":"$1 million buys you 452 sq ft in Singapore","date":"March 2, 2016","format":false,"excerpt":"\r Aerial view of luxury apartments in Keppel Bay, Singapore. 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