by OrangeTee & Tie Pte Ltd.

More investors and overseas buyers to gobble up trophy properties: analyst

Monthly Developers' Sales

Monthly Developers' Sales

Singapore, 16 Apr 2021

Home sales in prime districts rebounded strongly in March, and analysts say further price increases can be expected.

More investors and wealthy overseas buyers will continue to have a thirst for luxury homes in the coming months, according to OrangeTee.

In statistics released by the Urban Development Authority (URA) on developers monthly sales data, 546 luxury homes were transacted in the Core Central Region (CCR) in March, up from the 58 units transacted in the preceding month. March’s sales were also at their highest level since November 2013. Senior vice president of research and analytics at OrangeTee Christine Sun said this means that investors seemed to be showing fresh interest in the luxury segment as sales of new homes in the prime districts rebounded strongly.

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