Caixin
Jun 16, 2022 08:18 PM
WORLD

In Depth: Why Relocating Mainlanders See Singapore as a Safe Haven for Their Businesses and Property

Chinese entrepreneurs, professionals and their families are flocking to Singapore in droves. Photo: VCG
Chinese entrepreneurs, professionals and their families are flocking to Singapore in droves. Photo: VCG

When Chen Xi and her family searched for their first home in Singapore after relocating from Beijing, they realized their budget for the right kind of property would need to be a lot higher.

The impact of the pandemic meant new housing developments in Singapore were on hold, and with the reopening of the border, foreigners were arriving en masse to work and study, which meant demand far exceeded supply in the island state.

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