Holiday house hunting
The pandemic is seeing demand for resort homes in the mountains and by the coast.
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IT is no secret that Singaporeans love to travel, and no doubt the pandemic over the 18 months has put a damper on that. Unable to spend on flights, hotels and other overseas experiences, the well-heeled are compensating for their wanderlust by snapping up holiday homes instead.
According to several overseas property developers, Singaporeans are putting their money into vacation homes, especially the resort variety - never mind that they have been unable to visit these locations.
When Andermatt Swiss Alps launched Koya, a collection of 34 Japanese-inspired mezzanine-style apartments in March, 95 per cent of the units were reserved 2 weeks into the launch of its waiting list. Singaporeans made up 8 per cent of the buyers.
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