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.
GuocoLand, the renowned property developer, has recently announced a remarkable 60% surge in revenue for the fiscal year 2023. However, despite the impressive growth, there has been a concerning 44% decrease in net profit. This raises questions about the company’s overall financial performance and potential challenges ahead.
In a staggering turn of events, luxury residential sales experienced a significant downturn during the second quarter of 2023. However, amidst this decline, Les Maisons Nassim emerged as the leading condo development in terms of transactions. These findings underscore the ever-evolving dynamics of the luxury real estate market, raising questions about the future of high-end property investments.
BTO applications in August 2023 are expected to decline, raising concerns among Tampines BTO residents about “spooky” blocks. With around 6,670 BTO flats launching in Kallang/Whampoa, Queenstown, Choa Chu Kang, and Tengah, this article examines the reasons behind the decrease and residents’ apprehensions.[1]
