According to property consultants OrangeTee & Tie, investors have long viewed Singapore as an island of stability that attracts the super-rich from its less developed Southeast Asian neighbours, as well as multimillionaires from mainland China.
In the first eight months of 2019, 68 condominium units priced at at least SDG10 million were sold, the highest tally since the corresponding period of 2008.
Expensive apartments in premium neighborhoods are mainly bought by foreigners, because at such high prices Singaporeans have the option to buy landed property, such as bungalows and mansions.
Singapore does not allow foreigners to buy landed homes, except for those on the resort island of Sentosa.
In the first eight months of 2019, 68 condominium units priced at at least SDG10 million were sold, the highest tally since the corresponding period of 2008.
Expensive apartments in premium neighborhoods are mainly bought by foreigners, because at such high prices Singaporeans have the option to buy landed property, such as bungalows and mansions.
Singapore does not allow foreigners to buy landed homes, except for those on the resort island of Sentosa.