Average values of properties are now at S$1935 psf in prime areas and S$1043 for non-prime areas, the highest since the first quarter of 2008.
Chinese buyers took up the largest share for mass market units, at 63 per cent, priced between S$500,000 and S$1.5 million. Their share of units priced above S$5 million in central and prime districts was at 32 per cent. "The surge in Chinese buyers in Singapore coincided with the policy tightening in China. ... we can expect the number of Chinese buyers to continue at a healthy level as seen in previous quarters as the fiscal and monetary policy in China remains conducive to overseas investment by the wealthier Chinese,".
