https://asia.nikkei.com/Business/Ma...ch-buyers-drive-Singapore-private-home-prices
Collective sales boost demand for property because the sellers would have to find new homes soon after the deal is concluded, while the redeveloped complex will only hit the market three or four years later.
In a report on Monday, real-estate services firm CBRE said there were 15 such collective sales of residential sites in the second quarter of 2018, bringing the half-year tally to 32 deals worth 9.7 billion Singapore dollars ($7.1 billion). This is already above last year's total of 26 deals worth S$8.1 billion.
Ismail Gafoor, executive chairman of PropNex, Singapore's largest real-estate agency, said the residential market has also received a boost from foreign buyers, who've returned despite the additional stamp duties that could increase their purchase prices by 5-15%.
According to analysts, Chinese buyers find Singapore relatively inexpensive compared to Hong Kong and large Chinese cities like Shanghai, where prices have continued to rise in recent years.