Asia’s ultra-rich rank Singapore as region’s top choice for luxury homes

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SINGAPORE — Singapore has become one of the world’s most sought-after locations for buying investment homes as its safe-haven reputation has been further strengthened by successfully managing the coronavirus pandemic and supporting businesses.

According to Knight Frank’s Wealth Report, while private home prices in Singapore’s prime districts dipped 0.2 per cent in 2020 astravel restrictions kept foreign buyers away,demand is expected to recover this year as such properties remain relatively affordable, and as the vaccine roll-out continues and borders reopen.

Knight Frank’s survey of over 600 private bankers, wealth advisers, intermediaries and family offices, found “a change…

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