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

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines