Singapore luxury units see more interest from foreigners

The buzz over high-end freehold Boulevard 88 in Orchard Boulevard helped boost the number of caveats lodged for luxury apartments in the prime district or Core Central Region by 19 per cent in the first half of the year.
The buzz over high-end freehold Boulevard 88 in Orchard Boulevard helped boost the number of caveats lodged for luxury apartments in the prime district or Core Central Region by 19 per cent in the first half of the year.PHOTO: CDL

More inquiries for commercial property and hotels from family offices, funds in Hong Kong

Political and social tensions in the region are sparking renewed interest from ultra-high-net-worth foreign investors for luxury apartments in prime districts here, List Sotheby's International Realty (List SIR) said.

Wealthy residents of Hong Kong, which has been roiled in recent weeks by the worst social unrest since the former British colony returned to Chinese rule, seem to be among those looking to Singapore as a property safe haven in more turbulent times.

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A version of this article appeared in the print edition of The Sunday Times on July 07, 2019, with the headline 'S'pore luxury units see more interest from foreigners'. Print Edition | Subscribe