Singapore High-End Apartments a Magnet for Chinese Buyers
- Sales of units worth S$5 million or more rose in third quarter
- Property prices, and sales, have rebounded in the city-state
This article is for subscribers only.
Singapore’s luxury apartments are proving a magnet for Chinese buyers with purchases of properties north of S$5 million ($3.7 million) almost doubling in the third quarter.
The number of private homes sold to Chinese buyers rose to 40 in the three months ended Sept. 30, up from 21 the same period of 2018, data compiled by Cushman & Wakefield Plc show.