Singapore is region’s top choice for luxury homes

According to Knight Frank’s Wealth Report, while private home prices in Singapore’s prime districts dipped 0.2% in 2020 as travel 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.(File pic: Singapore's iconic Merlion)

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% in 2020 as travel 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.