Luxury home sales break 11-year sales record amidst heightened alert

A total of 811 condos were sold in the last quarter, the highest since Q4 2010.

Luxury home sales broke its 11-year high, according to the latest report from OrangeTee.

Based on Urban Redevelopment Authority data, 1,795 luxury homes were sold in the second quarter (Q2) of 2021, the highest since the 1,876 units sold in the fourth quarter (Q4) of 2010.

Amidst the heightened alert, 811 luxury condos were sold, the highest since the 855 sold in Q4 2010.

This was driven by luxury projects launched in the Core Central Region, including Irwell Hill Residences, One Bernam, and Park Nova, as well as sales promotions conducted by some developers for selected units.

Condo prices dipped by 2.2% to $2,660 per square foot (psf) in Q2 from $2,719 psf in the first quarter. Resale prices dipped 0.9% to $1,971 psf.

Thirty condos were sold for at least $10m in Q2, bringing the first half super-luxury condo transactions to 41 units, the highest since the second half of 2019.

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


ION Orchard marks 15 years as a premier retail destination
The mall is proactive in conducting surveys to identify trends and optimise its tenant mix.
ION Orchard leads charge in sustainable takeaway practices
 Shoppers will enjoy discounts when they opt for a reusable mug or food container from Muuse.
Lendela on why banks need fintechs to buoy loan growth
Loan demand has doubled in Singapore, and fintechs can help onboard quality clients.