23 Jun '16, 7am

Brexit: If UK remains could spur burst of Singaporean home buys #SingaporeProperty #PropertyNews

A burst of London property buying by Singaporeans could be unleashed if the Remain camp wins today's European Union referendum in Britain. Many potential buyers here have been waiting on the sidelines over the past few months until they see how the vote goes. Sales of prime Central London property have fallen by more than half by some estimates, although experts feel volumes could recover quickly if Britain stays in the EU. Management consultant Jimson Cheng, who owns a condo unit in Central London, said that while he is not selling, he has put off making any further investments. "I've friends with over 10 London properties who have decided to liquidate a few due to the uncertainty, and as prices are higher now." He noted London's pull for property investors, with housing demand far outweighing supply. "The advice most people give is to hang on to your unit." Mrs Doris Tan...

Full article: http://www.srx.com.sg/singapore-property-news/20602/brexi...

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