The rich and elite of China are looking beyond their shores. No longer can the investment in large scaled yet low end manufacturing satisfy them. Armed with massive capital, they are going abroad to expand their portfolio, to conduct business and even, to live. Singapore Prime Districts shows why our little red dot could be the perfect place for this new class of Greater China.
Singapore, like many property markets around the world , saw a very lackluster performance in the later part of 2007. Colliers International, Singapore has just released a report on the state of the Singaporean property market. This is a quote from the report:
Singapore recently topped the rankings of CB Richard Ellis’ yearly “Top Ten Fastest Growing markets,” report, with a staggering increase in office rental costs of 82.6% in the last 12 months. This comes after recent record growths in the Singapore residential property sector.
Singapore. Prices of private residential properties in Singapore rose 8.0 percent in the three months to September. The third quarter’s price rise is based on preliminary data and follows an 8.3 percent increase in the second quarter through June.”The government will continue to monitor prices closely,” said the URA, adding “the government will make available more sites for private residential development next year if demand remained strong.”
