Denmark, 18 Mar 2023 It has become more unsafe for rich people to live in China under the powerful leadership of Xi Jinping.
Perhaps this is why an increasing number of rich families are choosing to move themselves and their fortunes to Singapore.
Last year, property prices rose 8.4 percent. According to Christine Sun, property analyst at OrangeTee & Tie, the trend is the same in the rental market.
- Although the government has introduced various measures to cool down the market, the price increases continue, even if interest rates rise. This is due both to the fact that there is not enough supply, but also to an increasing demand from, among other things, rich Chinese, she says.