China’s new wave of ‘mid-tier’ investors set their sights on Singapore property

Guangzhou resident Jacky has plans to buy a two-bedroom condominium in Singapore when he visits the city state over the Lunar New Year break in January.With a S$2 million (US$1.48 million) budget, the businessman in his 30s intends to add the Lion City to the list of places he has invested in, which now includes the southeastern Chinese city of Shenzhen and Hong Kong.Jacky is among a new wave of “mid-tier” wannabe investors from mainland China’s burgeoning middle class who are looking to park…