Even with travel at a standstill, home purchases by foreigners improved after circuit breaker

Singapore

PRIVATE home purchases by foreign buyers picked up in the wake of the circuit breaker last year, even as travel curbs remained largely in place.

While this may appear counter-intuitive at first glance, it is not as improbable as it seems. These buyers could have transacted through Singapore-based proxies or taken the plunge after virtual viewings, according to NUS' Institute of Real Estate and Urban Studies (IREUS).