Demand for luxury penthouses holds steady despite pandemic
So far this year, there are 9 transactions - 7 in the CCR, 2 in the RCR; demand may gather pace in the near-term
Add BT as a preferred source
Singapore
DESPITE the pandemic and ongoing border closures, demand for penthouses has proven firm, with nine transactions so far this year.
While the recent surge in the number of community cases is a temporary setback, demand for luxury homes could gather pace again in the near future, especially as travel restrictions are eased, consultants said, pointing to interest from ultra-high-net-worth individuals (UHNWI) and foreign investors.
TRENDING NOW
Japan Home closing outlets; staff say Valu$ taking over operations
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
From sales executive to DBS chairman: A look at banking veteran Peter Seah’s career
Timah Partners lands S$60 million facility from lenders including UOB, RHB
