{"id":46255,"date":"2017-03-03T11:00:50","date_gmt":"2017-03-03T04:00:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/good-time-to-buy-singapore-luxury-homes-jll\/"},"modified":"2017-03-03T12:22:21","modified_gmt":"2017-03-03T05:22:21","slug":"good-time-to-buy-singapore-luxury-homes-jll","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/good-time-to-buy-singapore-luxury-homes-jll\/","title":{"rendered":"Good time to buy Singapore luxury homes: JLL"},"content":{"rendered":"


\nArtist\u2019s impression of Sophia Hills, a 493-unit luxury condominium near Orchard Road.
\nSingapore has emerged as one of the world\u2019s most competitive markets to purchase luxury properties as prices have become significantly more affordable since 2010, according to a JLL report carried in the South China Morning Post.
\nIn fact, prices of upscale residential properties here have slumped 20 percent from around seven years ago. Compared to those in London and New York, where prices hovered within 10 percent of that in the city-state in 2010, prices have now increased 20 to 25 percent. The cost of such properties here are also currently 130 percent lower than in Hong Kong.
\n\u201cBuyers see Singapore\u2019s luxury residential properties as compelling given the competitive pricing,\u201d said Regina Lim, National Director for Advisory and Research at JLL Singapore, adding that prices and deal volume would continue to recover between 2017 and 2020.
\nThe outlook for this segment is positive as foreign purchases of high-end homes or those costing above $2,000 psf doubled last year after dropping 80 percent since 2010 following the Singapore government\u2019s easing of its stringent manpower policy in late 2015. Notably, buyers from Malaysia, Indonesia, China, Hong Kong and Australia surged by around 300 percent in 2016 on an annual basis.
\nIn particular, the most sought-after upscale homes here are those that come with various amenities and offer convenient access to the central business district. One such development named in the report is Sophia Hills, a 493-unit luxury condominium close to Orchard Road, which is being developed by Hoi Hup Realty, SC Wong Holdings and Sunway Developments.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Good time to buy Singapore luxury homes: JLL<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of Sophia Hills, a 493-unit luxury condominium near Orchard Road. Singapore has emerged...<\/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-46255","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-c23","jetpack-related-posts":[{"id":8192,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prime-properties-now-more-affordable-jll\/","url_meta":{"origin":46255,"position":0},"title":"Prime properties now more affordable: JLL","date":"March 9, 2016","format":false,"excerpt":"\r Singapore\u2019s prime residential property is now more affordable than in other top global cities. (Photo: Erwin Soo, Wikimedia Commons) Prime residential property in Singapore is significantly more affordable now than in the rest of the world\u2019s best cities, according to the latest JLL report. \u201cSingapore ranks amongst the top\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42517,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/replace-absd-with-a-new-property-tax-jll\/","url_meta":{"origin":46255,"position":1},"title":"Replace ABSD with a new property tax: JLL","date":"February 1, 2017","format":false,"excerpt":"\r More calls to tweak the property cooling measures. With house prices under considerable pressure, given the subdued economic outlook both locally and globally as well as the expectations of rising interest rates, now could be the right time to consider property cooling measures, said JLL in a report. This\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31412,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-exits-stake-in-luxury-condo\/","url_meta":{"origin":46255,"position":2},"title":"CDL exits stake in luxury condo","date":"October 24, 2016","format":false,"excerpt":"\r Nouvel 18 is a prime freehold project near Orchard Road. (Photo: CDL) Sunmaster Holdings, a unit of City Developments Limited (CDL), has entered into an agreement to exit its entire interest in Summervale Properties, the owner of Nouvel 18 \u2013 a 156-unit luxury residential development on Anderson Road, for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36534,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-foreigners-buying-homes-in-singapore\/","url_meta":{"origin":46255,"position":3},"title":"More foreigners buying homes in Singapore","date":"November 30, 2016","format":false,"excerpt":"\r JLL recorded an increase in foreigners buying private homes in Singapore. Singapore\u2019s private residential market attracted even more foreign buyers during the first nine months of this year (9M 2016), according to the latest report from property consultancy JLL. In 9M 2016, foreigners \u2014 excluding PRs (permanent residents) \u2014\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83825,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-demand-returning-to-singapore-property\/","url_meta":{"origin":46255,"position":4},"title":"Foreign demand returning to Singapore property","date":"March 27, 2018","format":false,"excerpt":"\r Aerial view of luxury properties in Keppel Bay. The surprisingly strong sales momentum witnessed at the recent launch of New Futura, in which foreigners accounted for close to 60 percent of the 48 units sold, indicates that foreign demand is returning to Singapore, reported Singapore Business Review citing DBS\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43287,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wooing-chinese-investors\/","url_meta":{"origin":46255,"position":5},"title":"Wooing Chinese investors","date":"February 8, 2017","format":false,"excerpt":"\r View of luxury apartments along Singapore\u2019s coastline. Singapore continues to attract mainland Chinese property investors with its greater affordability, world-class education system and lifestyle offerings. At the same time, more foreigners are now looking for investment opportunities in the world\u2019s second largest economy. \u00a0\u00a0\u00a0 Despite the tough cooling measures\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/46255"}],"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=46255"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/46255\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=46255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=46255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=46255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}