Luxurious residences gross sales totalled to $2.165b

Group of workers Reporter



Over 221 gadgets of luxurious residences have been offered ultimate 12 months.

The luxurious condominium sector stayed resilient amidst emerging rates of interest and different macroeconomic headwinds, CBRE mentioned.

In its knowledge, over 221 gadgets of luxurious residences have been offered in 2022, which totalled to $2.165b. Many of the gadgets have been offered within the first part of 2022.

CBRE mentioned this section used to be supported through overseas consumers following the overall reopening of Singapore’s borders and buying of ultra-high internet price people and households.

In keeping with CBRE Analysis, reasonable luxurious condominium costs went up 6.1% to $3,328 psf in 2022 from $3,137 psf in 2021.

The valuables analysis mentioned the go back of Chinese language consumers and Singapore’s secure haven standing may additionally additional enhance the whole luxurious estate marketplace in 2023.

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