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Spike in Singaporeans snapping up posh residential properties

For luxury homes priced at S$5 million and above, the number of caveats lodged by Singaporeans jumped 44%; buyers included owner-occupiers and investors

Fiona Lam

Published Thu, May 13, 2021 · 05:50 AM

Singapore property

Singapore

LUXURY homes have surged in popularity among well-heeled Singaporean buyers in the last few quarters, based on caveats data, as both owner-occupiers and investors piled into high-end assets.

For residential properties priced at S$5 million and above, the number of caveats lodged by Singaporeans jumped by 44 per cent to 231 in the first quarter of this year, from 160 in Q4 2020, showed the URA Realis database as at May 10.