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
[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”.
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