HK buyers making steady investments in Singapore property
Investors from Hong Kong bought record number of properties here in 2019, but interest has since slowed amid the Covid-19 pandemic, may be shifting towards the UK
Add BT as a preferred sourceLisa Kriwangko
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Singapore
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 vice-president 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."
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