With the COVID-19 situation in China under control and its economy one of the first globally to get back on its feet, wealthy Chinese are beginning to return purchasing luxury housing not only domestically, but also across their favored markets within Asia-Pacific; mainly to hedge their wealth against inflation and a potentially softer RMB. From Sydney's waterfront suburbs to Singapore's Marina Bay and Seoul's Gangnam District, some agents have reported higher inquiries in recent months compared to the same period last year with some transactions even taking place without in-person viewings; as such, three Chinese clients bought six apartments worth S$20mn recently at Singapore's Marina One residences off-plan, without any virtual tours.