Ip Man star hunts for Singapore luxury real estate

SINGAPORE (EDGEPROP) - Action hero Donnie Yen and wife weren’t the only ones who headed to the city-state ahead of China’s Golden Week holiday – so did many fellow Hongkongers and mainland Chinese

Actor Donnie Yen and his wife Cissy Wang were in Singapore househunting for a property in the $5 million to $10 million range (Photo: Reuters)
Hong Kong action-hero Donnie Yen, star of the Ip Man martial arts film series, was in Singapore last week. But it was not his kungfu moves that left realtors swooning: It was the fact that Yen and his wife, Cissy Wang, were in town shopping for a property.
The celebrity couple, who came incognito, were said to be “actively looking for value buys” in the $5 million to $10 million price range, says a property agent. Completed high-end condos that Yen and Wang were said to have visited included The Oliv on Balmoral Road, Bishopsgate Residences at the exclusive Bishopgate neighbourhood, Nouvel 18 on Anderson Road, and South Beach Residences on Beach Road.
Yen and Wang were not the only ones out shopping in Singapore’s high-end real estate market. Visitors from mainland China were in Singapore for the F1 night race on Sept 20-22, and more are said to have arrived during the Golden Week – a seven-day holiday that began on Oct 1, which marks the National Day and the 70th anniversary of the People’s Republic of China.
Luxury development Bishopsgate Residences was one of the projects that Yen and his wife visited when they were in Singapore (Photo: Kajima Development)

Getting a headstart

“Some of the Chinese visitors who were here over the past two weeks mentioned that they knew of friends and associates who were planning to come to Singapore during the Golden Week,” says Bruce Lye, managing partner of SRI, a realtor specialising in marketing high-end homes. “It’s one of the reasons they decided to get a headstart by locking in their property purchases.”
While high-end malls and luxury hotels in Hong Kong were bereft of crowds in the weekend before Golden Week, Lye says many...