Singapore prime homes a good buy now: JLL

Singapore

A NEW JLL report is extolling the virtues of buying a prime residential property in Singapore now, given how "affordable" they have become compared to other global cities in the last four years. This is in spite of the loan curbs and tax burdens in place.

The real estate consultancy estimates that the average luxury prime residential price of S$1,991 per square foot (psf) in the fourth quarter of 2015 is about 20 per cent off the peak in 2011.