SINGAPORE PROPERTY
·
SUBSCRIBERS
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
Published Sun, May 23, 2021 · 09:50 PM
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
