Published 6 July 2020 · English

Rich Chinese are snapping up luxury homes across Asia, in many cases to guard their wealth against anticipated inflation and a weakening yuan. The rush to add real estate has led to a jump in upmarket housing prices in China, while offering some support for other Asian property markets hard hit by the pandemic.

In this wave of investment, many rich Chinese have turned to Singapore as an alternative to Hong Kong due to pro-democracy protests in the special administrative region. In another context, the industrial property market in ASEAN is forecast to thrive as many companies look to move out of China amid the trade war and the coronavirus pandemic.