Foreigners find gems in high-end condos

Singapore

LUXURY condos in Singapore priced at S$10 million and above have drawn a host of interesting buyers, mostly foreigners, this year.

Besides Alibaba co-founder Sun Tongyu, who paid S$51 million for the sole penthouse at Wing Tai's Le Nouvel Ardmore freehold project in April, other corporate bigwigs have also surfaced in the list of high-end condo buyers here this year. Mr Sun, who invests in startups these days, is a Chinese citizen and a Singapore permanent resident (PR).