Singapore is third most active markets in prime properties: report

Other most active markets include Monaco and Geneva.

The latest data reported by property broker Jefferies London showed that Singapore is the third amongst the most active markets when it comes to super prime homeseller activities.

Jefferies London analysed current market listings across 17 global prime property hotspots and computed what proportion of these listings were listed for sale at the equivalent of $5.13m (£3m) or above based on current exchange rates.

According to the study, 21.2% or 11,153 of the total 52,715 listings available for Singapore are homes listed for a sale price of $5.13m or more. This reflects significant prime property availability.

Monaco has the most active prime property market, with 56.7% of all homes listed for sale priced at £3m or more. Geneva follows closely with 40.7%.

Other prominent markets include Los Angeles (10.2%) and New York (7.5%).

1 SGD = £0.58