What this means for Investors
Singapore is now the top choice for real estate investors among 24 countries. This is bolstered by Hong Kong and China’s drop in rankings due to economic uncertainty in those regions. As such more foreign investors are looking to Singapore’s stable property market to put their cash in. These foreign investors typically look for properties in the CCR and RCR region where future development is inevitable. Local investors would also benefit from this as they enter at a lower price point without having to pay ABSD. Avenue South Residence has been one of the hottest new launches in the RCR to look out for with low entry price compared to surrounding properties in the area.
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