Foreign direct investment entering the Singapore real estate market has increased in 2019 and is projected to remain high in 2020 as Hong Kong’s situation remains unstable. Penrose is one of the developments foreign buyers will be keen on for 2020, due to its close proximity to 2 international education institutions, and large MNCs like Qualcomm and Siemens – a strong pool of tenants studying and working in the area.
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