SG, 21 Sep 2020 Over the last 2 months, Singaporeans have voraciously bought properties at a rate not experienced in over two years even during the economic drawbacks caused by the pandemic. Chinese nationals formed the largest group of foreigners purchasing Singapore properties and could be potentially looking for a safe haven for their assets.
"The passage of the national security law, as well as uncertainty from the recent increase in US-China tensions, could be possible reasons for the jump in transactions by mainland Chinese buyers" stated Christine Sun, head of research and consultancy at OrangeTee & Tie