Private home demand may see weakness on travel restrictions

Singapore

PRIVATE home buying demand from Chinese investors may see some short-term weakness with the temporary entry ban into Singapore for all Chinese passport holders who are not residents here, as well as travellers who were in mainland China in the past fortnight amid the Wuhan virus outbreak.

Mainland Chinese citizens are the biggest overseas buyers of private homes in Singapore. In the past 12 months they have been particularly active at certain luxury projects.