Ultra-wealthy foreign buyers eye more luxury homes on back of weak SGD

Buying intentions are buoyed by the strong greenback.

The weaker Singapore dollar might entice more foreign buyers to purchase luxury homes here, a report by OSK DMG stated.

According to OSK DMG, the weak SGD will make upscale homes in Singapore cheaper in comparison to other world-class cities.

Ultra-rich buyers typically purchase homes using the greenback, which has appreciated against the SGD since the MAS decided to ease its monetary policy on January 28.

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