IDEAS home Printed from https://ideas.repec.org/a/taf/intjhp/v17y2017i1p56-74.html
   My bibliography  Save this article

Courting the ‘rich and restless’: globalisation of real estate and the new spatial fixities of the super-rich in Singapore

Author

Listed:
  • C.P. Pow

Abstract

How have the globalisation of real estate and the rise of a transnational class of super-rich homebuyers challenged conventional analyses of local residential property markets? What analytical tools and concepts can we deploy to understand the dialectical tensions between the local and global; fixity and motion as well as the deterritorialisation and reterritorialisation of real estate by the super-rich? Drawing on Singapore as a case study, this paper interrogates the new ‘spatial fixities’ of the super-rich housing market at two inter-related scales of analysis. At the national scale, this spatial fixity could be interpreted in terms of the attempts by the Singapore ‘property state’ to attract high net-worth individuals to reside and invest in the country as a ‘quick fix’ way to boost national capital. At the global scale, this new spatial fixity of highly mobile super-rich can be seen in their territorialisation strategies to constantly seek out new safe havens to physically ‘park’ and grow their wealth beyond the traditional confines of national boundaries. Insofar as these two kinds of spatial fixes both complement and feed off one another via conspicuous real estate development, they also risk colliding and generating social contradictions that may potentially threaten their symbiotic relations.

Suggested Citation

  • C.P. Pow, 2017. "Courting the ‘rich and restless’: globalisation of real estate and the new spatial fixities of the super-rich in Singapore," International Journal of Housing Policy, Taylor & Francis Journals, vol. 17(1), pages 56-74, January.
    • Handle: RePEc:taf:intjhp:v:17:y:2017:i:1:p:56-74
    DOI: 10.1080/14616718.2016.1215964
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/14616718.2016.1215964
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/14616718.2016.1215964?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kim, Hyung Min, 2020. "International Real Estate Investment and Urban Development: An Analysis of Korean Activities in Hanoi, Vietnam," Land Use Policy, Elsevier, vol. 94(C).
    2. Hila Zaban, 2020. "The real estate foothold in the Holy Land: Transnational gentrification in Jerusalem," Urban Studies, Urban Studies Journal Limited, vol. 57(15), pages 3116-3134, November.
    3. Hang Kei Ho & Rowland Atkinson, 2018. "Looking for big ‘fry’: The motives and methods of middle-class international property investors," Urban Studies, Urban Studies Journal Limited, vol. 55(9), pages 2040-2056, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:intjhp:v:17:y:2017:i:1:p:56-74. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/REUJ20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.