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Singapore’s luxury housing market rebounds in H1, prime condo sales up 28%

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Good Class Bungalows also saw heightened interest, with five properties fetching S$217.5 million in the first half, a stark contrast to the S$51.2 million generated from two sales in the preceding period.

SINGAPORE: Singapore’s luxury housing market has made a strong recovery compared to the previous six months. According to Knight Frank’s latest data, sales of prime condominiums surged by 28%.

The luxury landed residential segment also experienced an uptrend, with a total sales volume of S$2.6 billion across 284 homes in H1 2024, compared to S$2.2 billion from 263 homes in H2 2023. Driving these transactions are owner-occupiers seeking spacious, move-in-ready units suitable for families, said Knight Frank.

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