What does this mean for investors?
Due to Hong Kong and China’s recent economic turmoil, Singapore is now ranked 1 among 24 other countries for property investment prospects in terms of price increase. This means that foreign investors are now putting cash into Singapore’s real estate market into projects like Sengkang Grand Residences due to its potential upside and low entry price. First-timers from Singapore also benefit from this as they enter at a lower price point without having to pay ABSD. Singapore’s strong and stable economic climate and real estate market are some factors contributing to this rise in ranking.
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