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by OrangeTee & Tie Pte Ltd.

HK buyers making steady investments in Singapore property

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Singapore, 08 Jun 2021

Hong Kong investors are expected to continue looking at Singapore property, though no spike in interest is expected, said analysts. The number of transactions have held steady, said Christine Sun, senior VP of research and analytics at OrangeTee & Tie. “Anecdotally, we have been receiving ongoing enquiries from Hong Kong buyers about properties in Singapore. Many of these Hong Kong investors are looking at luxury homes in Singapore. There is a mix of enquiries for bigger properties for families and smaller ones for investment.” The Singapore residential property market has been on a tear amid cheaper debt. But developers said Singapore residents have mainly been driving demand for new condominium units. And from the data alone, it is less clear if Hong Kong investors are pouring more into Singapore private homes. Analysts also point out that, more broadly, Singapore is not among the top destinations for Hong Kong buyers to invest.

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