Notwithstanding, for foreign buyers, Singapore remains attractive for the fact that it is stable with good protection of property rights and minimal currency risk. Hence, while some of them could be deterred, there will still be those who view the latest curbs as just another one-time tax on property that they are willing to pay. Additionally, given that the world is now awash with liquidity amid low interest rates and high inflation, property will likely remain a viable option for investable funds. Coupled with genuine demand from first-time buyers and HDB flat owners, there will still be support for demand for new homes. Full story
Singapore property will remain attractive to some foreign buyers despite latest cooling measures: Colliers
Notwithstanding, for foreign buyers, Singapore remains attractive for the fact that it is stable with good protection of property rights and minimal currency risk. Hence, while some of them could be deterred, there will still be those who view the latest curbs as just another one-time tax on property that they are willing to pay. Additionally, given that the world is now awash with liquidity amid low interest rates and high inflation, property will likely remain a viable option for investable funds. Coupled with genuine demand from first-time buyers and HDB flat owners, there will still be support for demand for new homes. Full story
