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by OrangeTee & Tie Pte Ltd.

Singapore’s property market gets a lift amid recession with tonic from mainland Chinese buyers,

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URA Private Residential Data


SG, 11 Sep 2020

Despite the recession tangling up the Singapore economy, the property markets are experiencing and unexpected boost due to an influx of foreign buyers.

While the buyers are likely to be Mainland Chinese, the nationality has yet to be specified. Christine Sun, head of research and consultancy at OrangeTee & Tie, says this could be due to a delay in data update, which sometimes takes a few months after the buyer exercises the option to purchase the unit.

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