Rich mainland Chinese snap up luxury homes in Singapore despite tax hikes

SINGAPORE¬† – Wealthy mainland Chinese have been the top foreign buyers of expensive private properties in Singapore this year as the city-state reaps the benefits of post-pandemic reopening and a relatively strong currency, despite tax increases. Mainland Chinese buyers accounted for about one-fifth of the 425 luxury units – defined as costing more than S$5 … Continue reading Rich mainland Chinese snap up luxury homes in Singapore despite tax hikes