Rich Chinese investors snapping up luxury homes from Singapore to Sydney

rich-investors-snap-up-properties
rich-investors-snap-up-luxury-homes

Source: https://www.straitstimes.com/business/property/rich-chinese-investors-snapping-up-luxury-homes-from-singapore-to-sydney

Piermont Grand

 

In Singapore, wealthy Chinese buyers bought multi million dollar properties based on virtual tours and photos. Even when Singapore is within a partial lockdown situation, sales activity has been picking up via online platforms. There were 3 Chinese clients who bought six apartments with combined value of $20 million at Marina One Residences in May 2020 without any virtual tours.

There is an investor who spent about $12 million on 3 separate units of three-bedroom apartments in the same development,  which is a 5 minute walk to Marina Bay Sands hotel and casino.

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