Singapore luxury units see more interest from foreigners

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

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
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Dive deeper at $0.99/month

Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • 2-week e-paper archive so you never miss out on any topic that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

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