Even in Singapore, where a partial lockdown remains in place, activity is picking up via online platforms. 3 Chinese clients bought 6 apartments worth a combined S$20 million at Marina One Residences this month without any virtual tours. One investor spent about S$12 million on 3 separate 3-bedroom units in the same development, a 5-minute walk to the iconic Marina Bay Sands hotel and casino.
“Some buyers may want to divert their funds to other countries as the yuan may be devalued further to combat the weakening of their economy.”
– May 26, 2020
Read Full Article at https://www.businesstimes.com.sg/real-estate/rich-chinese-snapping-up-luxury-homes-from-singapore-to-sydney
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