{"id":110204,"date":"2019-08-26T10:17:42","date_gmt":"2019-08-26T03:17:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-condo-sales-hit-record-high-in-q2\/"},"modified":"2019-08-26T11:04:31","modified_gmt":"2019-08-26T04:04:31","slug":"luxury-condo-sales-hit-record-high-in-q2","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-condo-sales-hit-record-high-in-q2\/","title":{"rendered":"Luxury Condo Sales Hit Record-High in Q2"},"content":{"rendered":"


\nSingapore saw 137 luxury condominiums change hands in the second quarter of 2019, or the highest since the Global Financial Crisis.
\nThe units were sold for at least $3,000 per sq ft (psf), with the highest unit price rising to over $5,125 psf. This was achieved by a freehold penthouse at Boulevard 88 in June.
\nSavills noted that activity within the high-end market segment, especially of super luxury units priced at least $10 million each, surprised the market considering that the property cooling measures are still in place, reported Singapore Business Review.
\nIt attributed the hike in activity to recent economic and political tensions within the region.
\n\u201cThe resurgence in purchases of Singapore luxury homes could be linked to the recent political unrest in Hong Kong,\u201d said Savills.
\nAnd while locals continue to make up the bulk of non-landed residential sales, the market share of non-permanent residents or foreign buyers have been on the uptrend, climbing 0.8 percentage points to 5.9 percent in Q2, reversing two straight quarterly declines.
\nLooking to buy a Singapore home but not sure where to start? Get insight on the best locations for your new home with our\u00a0AreaInsider\u00a0Guides.
\nFiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0fiona@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Luxury Condo Sales Hit Record-High in Q2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore saw 137 luxury condominiums change hands in the second quarter of 2019, or the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-110204","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sFu","jetpack-related-posts":[{"id":91224,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/increased-activity-in-luxury-condo-market\/","url_meta":{"origin":110204,"position":0},"title":"Increased activity in luxury condo market","date":"June 12, 2018","format":false,"excerpt":"\r View of luxury apartments in Singapore. The luxury private condominium segment has sprung back to life over the past few months, with the price quantum almost hitting a nine-year high when a total of 22 units were snapped up for at least $10 million each during the first quarter,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91634,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-private-home-prices-may-surge-20-this-year-savills\/","url_meta":{"origin":110204,"position":1},"title":"Singapore private home prices may surge 20% this year: Savills","date":"June 18, 2018","format":false,"excerpt":"\r Official data shows that over 100 private units were sold for at least $3,000 psf in Q1 2018. Property consultancy Savills reckons that private home prices here may rise 15 to 20 percent for the whole of 2018 \u2013 up from its previous forecast of between 12 and 15\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110136,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-residential-project-launches-rose-23-1-in-q2\/","url_meta":{"origin":110204,"position":2},"title":"Private residential project launches rose 23.1% in Q2","date":"August 23, 2019","format":false,"excerpt":"\r Developers launched 16 new private residential projects in the second quarter of 2019, up 23.1 percent from the 13 projects registered in the first quarter or one of the highest quarterly figures since the fourth quarter of 2013. According to a report by Singapore Business Review citing Savills Singapore,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55577,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-posts-higher-sales-in-upscale-condos\/","url_meta":{"origin":110204,"position":3},"title":"Singapore posts higher sales in upscale condos","date":"May 22, 2017","format":false,"excerpt":"\r Better sales in 2016 can be attributed to a good selection of choice units in completed developments such as\u00a0Tomlinson Heights, Leedon Residence\u00a0(pictured) and TwentyOne Angullia Park (Image: Artist\u2019s Impression). Sale of luxury condos and private apartments costing at least S$10 million increased to 36 units last year, reported The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122835,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-point-makes-second-collective-sale-attempt-price-unchanged-at-550mil\/","url_meta":{"origin":110204,"position":4},"title":"High Point makes second collective sale attempt, price unchanged at $550mil","date":"October 27, 2021","format":false,"excerpt":"\r High Point, is located at 30 Mount Elizabeth and is making its second collective sale attempt for $550 million or $2,508 per sq ft per plot ratio, after factoring in balconies. High Point, a 22-storey residential development at the peak of Mount Elizabeth within the Orchard Road residential area,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/HighPoint-30-Mount-Elizabeth-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":77938,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-january-2018\/","url_meta":{"origin":110204,"position":5},"title":"News Roundup (January 2018)","date":"January 25, 2018","format":false,"excerpt":"\r Our top Singapore property stories. Report:\u00a0Average home prices\u00a0could rise by 17% over 2018-2021\u00a0 The prospects for the Singapore property market are bright, with investment volumes to remain strong and home prices forecast to rise, revealed a 2018 Asia Pacific Property Outlook report released by Colliers International recently.\u00a0\u00a0 On the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/01\/New-Futura-resized-816x1024.jpg?fit=816%2C1024&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110204"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=110204"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110204\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=110204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=110204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=110204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}