Super-prime home sales jump 31% in Q1, $805m value
This marks its strongest quarter in a year.
Singapore recorded its strongest quarter for $12.9m (US$10m)-plus residential sales in a year, with 42 transactions in the first quarter (Q1) of 2026, up 31% from 32 deals in the previous quarter, according to Knight Frank.
The property consultancy's Global Super-Prime Intelligence report tracked 636 residential transactions worth at least $12.9m (US$10m) across 12 global markets during the quarter.
Singapore's aggregate sales value reached $805.14m (US$624m), up from $774.18m (US$600m) in Q4 2025, placing the city fifth by transaction volume behind Dubai, Hong Kong, New York, and London.
Knight Frank said activity across the 12 markets rose 14% quarter on quarter (QoQ) to its highest level in the past 12 months, supported by rebounds in Dubai, New York, Hong Kong, Palm Beach, USA, and Singapore.
Total transaction value increased 10% to $14.71b (US$11.4b).
Over the 12 months to Q1, Singapore recorded 135 super-prime residential transactions worth a combined $2.88b (US$2.23b), according to Knight Frank. The city ranked seventh by annual transaction volume amongst the 12 markets tracked.
"Q1 delivered a strong headline result for the global super-prime market, but the numbers need careful interpretation," said Liam Bailey, global head of research at Knight Frank.
The report said policy changes, taxation, geopolitical risks, and the interest rate environment will remain key factors influencing super-prime residential markets in the coming quarters.