• “Some of this demand (in Singapore) is from mainland Chinese money that might otherwise have been channeled to Hong Kong, or Hong Kong money looking for offshore diversification,” said Juwai.com Executive Chairman Georg Chmiel.
• Foreign buyers in Singapore are required to pay a whopping 20% tax on any residential property purchase. Even so, Chinese investors are still pouring money into what they perceive to be a safe investment.

According to new data from Yardi Matrix, the number of apartment skyscrapers in the U.S. are much more common today than they were three decades ago. From only 8 in the '90s to a skyrocketing 68 in the '10s, residential skyscrapers are fast becoming popular across the country. Between the '00s and the '10s, their number almost doubled.

• At the end of October, inventory nationwide fell to a 3.9-month supply, according to the National Association of Realtors.
• The supply is worst on the low end, down over 6% from a year ago for homes priced between $100,000 and $250,000, according to the Realtors.
• California, where prices are highest, is seeing a drop in supply in all major markets, but supply is also falling in some unexpected cities.

According to new data from the U.S. Housing and Urban Development and Commerce Department, total housing starts increased 3.8 percent in October 2019 to a seasonally adjusted annual rate of 1.31 million units.

The October reading of 1.31 million starts is the number of housing units builders would begin if they kept this pace for the next 12 months. Within this overall number, single-family starts increased 2.0 percent to 936,000 units. The multifamily sector, which includes apartment buildings and condos, increased 8.6 percent to a 378,000 pace.