Photo by Mark McCammon via Pexels

Singapore is amongst strongest markets for global super-prime homes

In Q1, the Lion City recorded 37 transactions.

The Lion City emerged as one of the strongest markets for global super-prime homes, with transactions growing to 37 in Q123 from 23 in Q422.

Globally, Singapore ranked as the fifth strongest market, behind Los Angeles (46), New York (58), Hong Kong (67), and Dubai (88).

In Singapore, the average super-prime sales were recorded at US$15.6m.

Knight Frank, however, warned that Singapore's latest increase in foreign buyer stamp duty to 60% will likely impact demand for its super-prime homes in future quarters.

Globally, Knight Frank also sees "more subdued conditions" for the super-prime home market, with transactions likely to total $25-$27 billion for the full year. 

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!