Ultra-rich investors set sights on luxury homes in 2015

The tide is turning for this struggling segment.

Luxury residential developers may well have a prosperous new year when 2015 rolls in. Though the high-end home segment has been hardest hit by stringent property cooling measures, Colliers notes that a surprising turnaround is on the cards for this cluster.

According to Colliers, the residential sector in Singapore will be an interesting sector to watch in 2015, following a year fraught with transaction volume declines and softening prices.

"Investors will be keeping an eye out for good-value opportunities, especially in the luxury segment. The slowdown in the market has encouraged sellers to reduce their asking prices, which may generate more momentum in the year ahead compared to what has certainly been a lacklustre 2014," noted Colliers Managing Director Terence Tang.