Singapore's economy is forecast to grow by 0.5-2.5% this year, according to the Ministry of Trade and Industry, with a favourable external demand outlook as China eases its Covid-19 restrictions earlier than expected.
According to Bloomberg, China's post-Covid reopening will also stimulate Singapore's already booming real estate market, with property prices surging by 8.6% and rental prices by 30% in 2022. Looking ahead, an influx of foreign wealth, together with Singapore's safe-haven status, will give its real estate market the regional edge, according to Savills and Knight Frank.
Esta historia es de la edición May 19, 2023 de Newsweek Europe.
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