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Opinion
Andy Mukherjee, Columnist
22 April 2025 at 4:00 AM SGT
By Andy Mukherjee
Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services in Asia. Previously, he worked for Reuters, the Straits Times and Bloomberg News.
Singapore property could be a shelter in the trade storm.
Photographer: Nicky Loh/Bloomberg/Getty
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A global trade war can’t possibly be good news for a city-state whose exports and imports add up to more than 300% of its gross domestic product. Yet there are good reasons to believe that real estate in Singapore may offer a sanctuary to investors fleeing extreme anxiety.
On the surface, the island economy’s status as the world’s largest transshipment hub is a risk to its pricey apartments. Singapore’s own exports to the US are subject only to the universal 10% tariff that President Donald Trump announced April 2. But its ports and airport sent out merchandise worth about S$675 billion ($517 billion) last year, of which three-fifths were re-exports.
Before it’s here, it’s on the Bloomberg Terminal
Opinion
Andy Mukherjee, Columnist
Singapore Property May Be a Good Place to Hide
The city-state’s apartments may protect investor wealth amid grave uncertainty in financial markets.22 April 2025 at 4:00 AM SGT
By Andy Mukherjee
Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services in Asia. Previously, he worked for Reuters, the Straits Times and Bloomberg News.
Singapore property could be a shelter in the trade storm.
Photographer: Nicky Loh/Bloomberg/Getty
Save
Translate
A global trade war can’t possibly be good news for a city-state whose exports and imports add up to more than 300% of its gross domestic product. Yet there are good reasons to believe that real estate in Singapore may offer a sanctuary to investors fleeing extreme anxiety.
On the surface, the island economy’s status as the world’s largest transshipment hub is a risk to its pricey apartments. Singapore’s own exports to the US are subject only to the universal 10% tariff that President Donald Trump announced April 2. But its ports and airport sent out merchandise worth about S$675 billion ($517 billion) last year, of which three-fifths were re-exports.
Before it’s here, it’s on the Bloomberg Terminal
