Developers’ sales for the week of 5 Aug 2024 – 11 Aug 2024 were 37 units
The CCR accounted for 10.8% while the RCR and OCR made up 35.1% and 54.1%
The respective top-selling projects in the CCR is Cuscaden Reserve, followed by Tembusu Grand in the RCR and EC – North Gaia in the OCR
The luxury non-landed homes market (new and resale) saw steady demand from buyers in 2Q 2024
Based on Huttons Data Analytics’ estimates, 57 luxury non-landed homes changed hands in 2Q 2024, 7.5% higher than 1Q 2024 and 9.5% lower than a year ago
Activities in the luxury non-landed homes market is almost back to the pre-cooling measures days
The luxury non-landed homes market may see some headwinds in the near term as increased checks on the source of wealth of UHNWIs by the Singapore Government is increasing friction in the market
Some UHNWIs are rethinking their plans to move to Singapore and might choose Hong Kong or Dubai
Transactions in the luxury non-landed homes market may be lower in 2H 2024.
