Chart of the Day: Sold luxury condo units hit record-high to 137 in Q2

The highest unit price rose over $5,125 psf for a penthouse in Boulevard 88.

This chart from Savills shows that 137 luxury condos were sold in the second quarter of the year, marking the highest number of sales since before the Global Financial Crisis.

These units are sold for at least $3,000 psf.The highest unit price rose to over $5,125 psf, which was achieved by a penthouse at the freehold Boulevard 88 in June.

Savills noted that with cooling measures still in place, activity in the high-end segment particularly of super luxury units worth at least $10m each surprised the market. This was attributed to recent political and economic tensions in the region.

“The resurgence in purchases of Singapore luxury homes could be linked to the recent political unrest in Hong Kong,” the report noted.

Savills also noted that although locals continue to account for the lion’s share of non-landed residential sales in general, the market share of foreigners or non-permanent residents inched up 0.8 ppt to 5.9% in the second quarter, reversing two straight quarters of decline.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. 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