Chinese buyers have shown renewed interest in Singapore properties especially as Hong Kong tries to limit foreign homeownership, particularly from the mainland.
“Singapore remains a choice locale for property investments, especially when the Singapore dollar looks set to remain strong, the political situation stable and prices are still relatively attractive compared with Hong Kong, where prices at The Peak average around S$5,000 psf to S$6,000 psf,” said Maybank Kim Eng.
Moreover, Singapore is one of the few places in the region where one can invest directly in high-quality freehold non-landed luxury property.
Meanwhile, a recent survey conducted by the US Chamber of Commerce and the American Chamber of Commerce found that 75 percent of the 356 top executives from US companies across ASEAN countries want their tenure in Singapore extended due to the country’s stable government, attractive tax framework, infrastructure and personal security.
In addition, 75 percent of US companies said that they often receive requests from staff wanting to relocate to Singapore on an employment pass.
Related Stories:
Singapore home prices record slight increase
URA awards tender for Yishun, Tai Thong sites
Mount Elizabeth apartment sold en bloc for S$92.2m