The Wall Street Journal / January 3rd, 2018
The Wall Street Journal reports: As 2018 gets under way, developers are coming up with new ways to feed what seems to be an insatiable appetite among the world’s emerging middle class for apartments both as places to live and investments to store their wealth.
Consider what has been happening in Singapore.
In 2017, the volume of apartments sales in Singapore hit at least $5.2 billion, the most in one single year since 2007, according to preliminary data compiled by research firm Real Capital Analytics that included residential sales $10 million and greater.
The lion’s share of the Singapore sales were by a new breed of investor who were cashing out in a process that has become known as a “collective sale.”
Read the full article in The Wall Street Journal: Love Thy Neighbor: Apartment Owners Team Up to Cash In