On the back of increased en-bloc sales activity and a bullish bid for a Beach Road site recently in Singapore, the overall residential market seems to be picking up. Here are 5 signs in the luxury market that show buyers slowly returning to the scene.
Average price of luxury apartments rose in the first half of 2017
In the Core Central Region, the average prices of transacted apartments worth more than S$5m was S$2,446 in the first half of 2017.
This is slightly higher than S$2,396 in the second half of 2016.
CBRE believes that overall luxury prices should remain relatively stable for the remainder of 2017. Developers continue to have holding power, a strong balance sheet and command pricing power in the light of limited new supply in the Core Central Region.
Stable luxury residential market prices More caveats lodged for apartments in the Core Central Region in …