In June 2022, a Chinese buyer reportedly purchased 20 units at Canninghill Piers in a bulk sale worth $85 million.
(Picture: Samuel Isaac Chua/The Edge Singapore)
Are you curious about the potential influx of Chinese buyers in the Singapore real estate market in 2023?
Property cooling measures raised foreign buyers’ ABSD from 15% in 2013 to 20% in 2018, and subsequently 30% in 2021.
However, this transactional stamp duty has not kept deep-pocketed Chinese buyers from investing heavily in prime Singapore residential properties.
Whether you're a potential investor, a real estate agent, or simply someone with a keen interest in the market, I’d love to hear your thoughts on this topic.
If you are in the market for a new launch project, I would be more than happy to assist you in your search, and help you navigate the complex process of purchasing a new launch project. I have access to a wide range of properties, including new launch projects, and can provide you with detailed information. Please don't hesitate to contact me. I would be more than happy to help you in any way I can.
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