The luxury non-landed homes market appeared to have stabilised in 1Q 2024
Adjusting for the effect of new sale, transactions in the luxury non-landed homes resale market was estimated at 40, 17.6% higher quarter-on-quarter (QoQ)
The heightened geopolitical tensions appeared to have convinced buyers to buy a home in Singapore which is often seen as a safe haven
Based on Huttons Data Analytics’ luxury homes basket, the estimated rental volume in 1Q 2024 was 569 units, slightly better than the previous quarter by 3.6% but 2.6% lower year-on-year (YoY)
Transactions in the luxury non-landed homes market are estimated to increase in the next few quarters
A new project, 32 Gilstead along Gilstead Road sold 4 units in April 2024
Two highly anticipated ultra-luxury non-landed projects, Newport Residences and Skywaters Residences may be launched in the coming months
