In the past 15 months, Singapore's real estate market was extremely hot, and this island country is now competing with Hong Kong for the throne of the most active market in the world. In the 12 months before the end of September this year, Singapore's real estate prices soared 14%, and the growth of the high-end market was even more remarkable. Given the rapid economic growth in Asia, concerns about the bursting of real estate bubbles in Chinese mainland and Hong Kong, and Singapore's transparent tax policies and supervision, it is not surprising that Singapore's housing prices have soared. According to a survey jointly released by PricewaterhouseCoopers and Urban Land Institute last week, Singapore has become the best real estate investment destination in Asia. Real estate in coastal areas is relatively new in Singapore's high-end market, such as villas on Sentosa Island. Sentosa is the coastal area of Singapore, where foreigners can buy houses. Last summer, a China citizen bought a villa here at a sky-high price of $26 million. Now, developers are ingenious and competing to add new tricks to real estate projects, such as private elevators and club members. If customers need it, they will even provide a chef. Some houses near Orchard Road, a shopping resort in Singapore, even put up the slogan "Don't enter unless necessary". West Renye Fang noticed the prosperity of Singapore's real estate market. Although Singapore's real estate laws prohibit foreigners from buying houses in some parts of the country, many enterprises and investment funds wishing to expand in the Asia-Pacific market are scrambling to buy more properties here. According to the data of DTZ, a research and consulting company, in the third quarter of this year, the number of enterprises buying real estate in large quantities increased from 2% to 3%. The top part of the market is the so-called "high-grade villa", which is defined by the Singapore government as a building with an area of not less than 65,438+05,000 square feet, which is really a luxury in Singapore where land is scarce. There are only about 2,500 high-end houses in Singapore, which are being snapped up at an extremely fast speed and eye-popping prices. The average price of 54 sets of high-grade houses sold in the first half of this year is close to $0/50,000 per set. For details, please consult: 400-777-7886 or visit: (New Home Network)