Singapore Property Market Braces for Surging Chinese Demand

A view of condominiums near Orchard Road from an apartment for sale at the Reignwood Hamilton Scotts luxury apartment building in Singapore in August 2021. Photo: Bloomberg

(Bloomberg) — Singapore’s property market is bracing for surging demand from Chinese buyers as the world’s second-largest economy reopens.

Real estate agencies in the city-state have seen more inquiries from mainland Chinese, with industry watcher OrangeTee & Tie noting a 10% to 15% increase in January since Beijing announced it was ending three years of global isolation. The border reopening has also seen a spike in queries about immigration to Singapore.