As Chinese buyer drops US$61m on condos, what’s fuelling Singapore home prices? – South China Morning Post

As Chinese buyer drops US$61m on condos, what’s fuelling Singapore home prices? – South China Morning Post

Even The prices of public housing flats – implyt to be pretty worthd for the 80 per cent of households who stay Inside them – on the resale market have risen. Prices are up by 11 per cent in contrast with Might final yr. There have been even 145 public flats, collectively with ones On the far northern and japanese finish of Singapore, that purchased for Greater than S$1 million this yr.

Analysts say Singapore’s house worth will enhance are As a Outcome of of A extremeer demand than there are houses. Photograph: Bloomberg

Housing analysts, neverthemuch less, said such extreme-profile And huge purchases have been unusual, And prices in Singapore Weren’t rising Due to overseasers snapping up houses.

Data from the Metropolis Reenhancement Authority and OrangeTee & Tie Evaluation & Analytics confirmed thOn the Quantity of overseasers buying for private flats fell after the cooling measures kicked in. Foreigners purchased A imply of 95 models Per thirty days from January to November final yr, then A imply of 51 models a month from December 2021 to March. Gross sales picked As a lot as 92 models Per thirty days for April And ought to.

Analysts said The worth enhance …….

Source: https://www.scmp.com/week-asia/economics/article/3181218/chinese-buyer-drops-us61m-20-condo-units-whats-fuelling

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