Sales of Singapore apartments worth at least $10 million each have hit an 11-year high, fuelled by increased demand from Chinese millionaires seeking safe-haven assets, said property consultancy OrangeTee & Tie.
Units in Frasers Centrepoint Trust (FCT) have already surged more than 26% so far this year. But market watchers remain bullish on the retail REIT as it stands on the cusp of a re-rating.
RESALE prices of condominium units in Singapore dipped again in July for the second consecutive month, while the volume of sales surged by almost one-third, according to monthly figures from real estate portal SRX Property released on Wednesday.