Singapore GCB market sees interest picking up amid global uncertainty
Buyers are becoming “more discerning” and sellers more willing to engage on pricing, say market watchers
Add BT as a preferred source
[SINGAPORE] While the market for Good Class Bungalow (GCB) properties has slowed from its peak in 2021, sales are picking up and prices remain supported by wealthy locals and high-net-worth individuals settling in Singapore.
Despite US President Donald Trump’s recent tariffs rattling global financial markets, analysts told The Business Times that the Singapore GCB market may weather the storm better than expected.
Leonard Tay, head of research at Knight Frank Singapore, said high-net-worth individuals might tighten their purse strings as they wait for more clarity amid global uncertainty caused by tariffs and “insular policies dividing nations”.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre
