Skip to content
Subscriber Only

Billionaire Enclave Prices Drop on Singapore Property Curbs

Updated on

Australian hedge-fund manager Stephen Fisher says he was lucky to have bought his luxury home on Sentosa, a Singapore resort island that has attracted the wealthy, in 2005, before property curbs kicked in.

“I would be very wary of buying a second property in Singapore as I would have to pay higher taxes, which makes it less attractive,” Fisher, 50, chairman of First Degree Global Asset Management, said in a phone interview.