Singapore's 'nouveau riche' drum up luxury home demand in first half of 2021
Add BT as a preferred sourceLisa Kriwangko
DEMAND for luxury and prime-area private housing picked up in the first half of this year, reflecting the gains from the nouveau riche in the finance, technology and pharmaceutical sectors, analysts said.
Based on current numbers, some analysts expect overall sales volume for 2021 to cross the 10,000-mark.
The Urban Redevelopment Authority (URA)'s monthly developer sales data released on Thursday indicated that 1,529 new private homes were sold in the Core Central Region (CCR) in the first half of this year.
TRENDING NOW
Singapore developer in limbo after Timor-Leste scraps major township project
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
MAS to remove mandatory financial advice for complex products for most retail investors
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
