HK investors shun S’pore for homes in M’sia, Taiwan

In Malaysia, for instance, “a property in central Kuala Lumpur could cost RM1,500 (US$358) per square foot, ” Cheong said. “An apartment in a similar area of Singapore would be S$1,500 (US$1,080) or more.”

SINGAPORE: Singapore’s housing market isn’t turning out to be the beneficiary many may have thought from Hong Kong’s increasingly fraught protests. Instead, investors are looking to cheaper property markets like Malaysia, Thailand and Taiwan.

“People here tend to think there are only two cities in the world – Hong Kong and Singapore, ” said Alan Cheong, a Singapore-based executive director of research and consultancy at Savills Plc.