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Hong Kong residents fill their shopping trolleys and tummies in Shenzhen while Singaporeans hop across to Johor Bahru as they make the most of cheaper prices, denting the stability of their retail sectors.
The drop in foreign buyers was more stark in the prime district. Read more at straitstimes.com.
Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam
Hong Kong’s move to scrap long-standing cooling measures in February was a breath of fresh air at a time when other markets are turning inward. The city deserves credit for adopting a contentious policy while Canada, Singapore, Australia and others are making life harder for foreign homebuyers.
The arrest of China-born money-laundering suspects has spooked investors who have piled into a booming part of the island’s real estate sector.