Real Estate

bidding wars, cash offers drive up home prices


Singapore has hinted that unvaccinated travelers may be subject to longer quarantine periods and additional testing.

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SINGAPORE — Housing prices have shot up across cities in Asia-Pacific this year, fueled by record low interest rates amid the pandemic.

Optimism has also gained steam as vaccination rates gain pace, and some countries move toward a post-Covid recovery.

As companies move to a hybrid work model — a mix of working from home sometimes, and in the office at other times — demand for larger homes has also picked up, analysts say.

The overheating in property markets across some Asian cities has led to wide expectations that governments will…


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