Singapore's property market experienced some ups and downs this past week, with investment sales slowing down and wealthy Chinese buyers reportedly holding back from investing in luxury property and cars. According to a report by Business Times, Singapore's property investment sales lost steam in Q1 2023 amid higher financing costs and macroeconomic uncertainties, with total sales declining by 61% quarter-on-quarter to S$4.2 billion, down from $10.8 billion a year ago. This marks the third consecutive quarter of decline, signaling a slowdown in the city-state's property market.