Singapore luxury residential sales have experienced a decline, however, prices have managed to maintain stability, according to real estate services firm CBRE. The data suggests that despite a slowdown in sales, demand for high-end properties remains consistent, potentially indicating a resilient luxury property market in Singapore.
Prices in prime central London continue to rise despite the recent increase in interest rates. This unexpected trend suggests a resilient property market, defying the effect of higher borrowing costs. Experts attribute this to the enduring appeal of the city as a safe haven for investment, particularly for overseas buyers. With limited supply and an insatiable demand, prices are expected to maintain their upward trajectory in the near future, firmly establishing London’s status as a prime real estate market.
Despite past criticisms, DBSS flats in Singapore are achieving record million-dollar prices, defying expectations. This comes as a surprise, considering their controversial history. Let’s delve into the factors contributing to this unexpected trend and understand why DBSS flats are in high demand, even amidst ongoing debates.
Despite the recent hikes in Buyer’s Stamp Duty (BSD), new private home sales in Singapore have experienced a surge. In other news, the government has initiated a pilot program to provide shared room facilities for singles. Stay tuned for more details on these developments and their impact on the real estate market.