Singapore property is hot even without expats

In demand: HDB public housing estates in the Hougang area of Singapore. This year more than 31,000 existing apartments will reach the minimum occupation period of five years when they can be resold. — Bloomberg

SINGAPORE is tightening the screws on how many expatriates it will let in – and of which nationalities. But is that bad news for the financial centre’s condominium landlords? Not necessarily.

That’s because, unlike in the past, it isn’t your average expat that’s driving the rents higher in the financial centre.