Singapore Property Market Soars as Owners Profit from Condo Sales Without Moving In, Raising Prices in World's Most Expensive Home Market

The Singapore property market is experiencing a surge as property owners are making significant profits from selling their condos without even moving in. This trend is contributing to rising prices in one of the world's most expensive home markets. Experts suggest that there are no foreseeable factors that would lead to a decline in personal condominium prices, despite the government's cooling measures. Analysts indicate that the poorly developed local stock market is driving the investment appetite for real estate, as excess savings are being funneled into property rather than more productive investments. The situation raises concerns regarding affordability for average households, who find it increasingly difficult to enter the market.