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SINGAPORE PROPERTY

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

Nisha Ramchandani

Nisha Ramchandani

Published Sun, May 23, 2021 · 09:50 PM
    Penthouse deals

    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.

    Singapore propertyProperty investmentluxury

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