Some people are scratching their heads on whether Hong Kong investors are flocking to Singapore property, or whether they’re going for cheaper alternatives. Just yesterday, there C&W reported that Singapore is the top choice for Hong Kong real estate investors in the first half of 2019. About two hours ago, however, Bloomberg reported that Hong Kong investors are shunning Singapore homes, for cheaper alternatives in Malaysia and Taiwan. It mentioned data from ERA, which states that Hong Kong citizens purchased just 12 apartments in Singapore in the first half of 2019. Now they’re not actually wrong or conflicting – it’s just that the headlines have caused some people to misread what’s happening. The first report is explaining Hong Kong investments into foreign real estate as a broader picture; that include commercial properties like retail, industrial, etc. So the $1.9 billion in investments doesn’t mean hordes of individual Hong Kong investors are buying up condos and Sentosa Cove properties. The second report is focused on how many residential apartments Hong Kong citizens have bought here, and this number has dropped since last year.... Continue Reading