Chart of the Day: Posh condo prices edged up 1.4% to S$2,429psf

Cooling measures hurt luxury sector badly.

According to Savills, the average price of luxury condominiums tracked by the firm posted the fourth quarterly rise of 1.4% in Q1 to S$2,429 per sq ft, still 3% shy of the decade’s peak in Q4/2007.

According to the URA’s fl ash estimates, prices of private non-landed homes in Core Central Region (CCR) inched up 0.4% in Q1 after a 0.7% increase in Q4/2012.

Here's more from Savills:

Those in Outside Central Region (OCR) climbed 1.7%, less than half the 3.8% increase in Q4/2012. Rents of luxury condominiums tracked by Savills softened for the seventh consecutive quarter, albeit marginally by 0.2% in Q1.

The luxury sector had been the hardest hit by the slew of cooling measures, as overseas buyers, constituting almost half of purchasers in the CCR in 2011, fled the market. Several developers of luxury homes have put their unsold units up for lease instead, increasing the pressure on rents.

Meanwhile, the global economic woes and rising costs compelled businesses to trim their rental budgets.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia