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by OrangeTee & Tie Pte Ltd.

Chinese property buyers sharpen focus on Portugal and Singapore, shun four spots troubled by geopoli

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SG, 19 Nov 2020

While the Covid-19 pandemic has tempered overseas trips, it has not deterred investors from hunting for overseas assets.Enriched by the recent stock market boom, they have sought long-term foreign residencies through passport-for-cash schemes, or diversified their investment basket into less volatile markets. 
Last quarter, their purchases of non-landed homes more than doubled to 271 from the previous quarter, according to data compiled by OrangeTee & Tie, based on statistics from the Urban Redevelopment Authority.

"To many Chinese investors, properties in Singapore are highly attractive and many see the merits of staying or investing in Singapore especially given the positive capital appreciation of many properties here," said Ms Christine Sun, head of research and consultancy at OrangeTee & Tie. 

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