Singapore's Luxury Property Market Sees Dip in Foreign Buyers

  • 📰 straits_times
  • ⏱ Reading Time:
  • 32 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 69%

Real Estate ニュース

Singapore,Property Market,Foreign Buyers

Despite Singapore attracting a large influx of high-net-worth individuals, its luxury property market has experienced a decline in foreign buyers. Sales of condominiums to foreigners dropped significantly compared to the previous year, impacting investment in high-end residential properties.

SINGAPORE – Singapore’s property market has seen a significant drop in foreign buyers over the past year, even as global wealth continues to accumulate in the city-state.

While China remains Singapore’s largest source of new wealth inflows, the latter holds about 25 per cent of all Indian cross-border wealth, making it the top centre in the region for Indian wealth, according to management consultancy Boston Consulting Group’s Global Wealth Report 2024. The firm primarily targets properties starting from around $5 million, such as high-end condominiums and single-family homes, or standalone properties.

While there may be optimism about long-term growth in the luxury residential sector, others believe the current regulatory environment could delay a resurgence in foreign demand.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 5. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

JLL: Changes in land betterment charges reflect “underlying weaknesses” in the Singapore property marketThe revised rates cover commercial, landed residential, non-landed residential, and hotel/hospital uses
ソース: IndependentSG - 🏆 2. / 72 続きを読む »

Singapore property market listed as one of the world’s most transparentReal estate transparency reflects the level of accountability, governance quality, and openness of a market, particularly its private real estate sector
ソース: IndependentSG - 🏆 2. / 72 続きを読む »

Convicted Singapore oil tycoon OK Lim’s Tanglin Hill Mansion sold at S$4M discount amid SG’s luxury property market challengesThe good-class bungalow in Tanglin Hill is set to be sold for S$39.2 million, down from its initial listing price of S$43 million
ソース: IndependentSG - 🏆 2. / 72 続きを読む »

China’s rescue plan for property market appears insufficient to reverse price declineSecond-hand home prices have continued to fall, with August marking the 28th month of consecutive decline.
ソース: The Straits Times - 🏆 8. / 63 続きを読む »

$30M price tag for industrial property at 455 Jalan Ahmad Ibrahim that just hit the marketThe property, which will be sold via private treaty, presents a unique investment opportunity within Singapore's industrial real estate market
ソース: IndependentSG - 🏆 2. / 72 続きを読む »

World's second-tallest building Merdeka 118 tests Malaysia's appetite for skyscrapers, property marketBuilding tall landmarks had long been a source of prestige and national pride for Malaysia’s leaders, but the recent addition of another has PM Anwar Ibrahim suggesting there’s already enough.
ソース: ChannelNewsAsia - 🏆 6. / 66 続きを読む »