{"id":91224,"date":"2018-06-12T10:18:52","date_gmt":"2018-06-12T03:18:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/increased-activity-in-luxury-condo-market\/"},"modified":"2018-06-12T15:02:52","modified_gmt":"2018-06-12T08:02:52","slug":"increased-activity-in-luxury-condo-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/increased-activity-in-luxury-condo-market\/","title":{"rendered":"Increased activity in luxury condo market"},"content":{"rendered":"


\nView of luxury apartments in Singapore.
\nThe 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, reported Singapore Business Review citing Savills.
\nThis is just shy of the peak of 23 units in Q3 2010.
\nMore: Luxury Home Prices In Downtown Singapore Rising Faster Than Other High-End Districts: Report
\nTopping the list was The Nassim with 10 units sold, followed by Leedon Residence at Leedon Heights (three units) and Tomlinson Heights at Tomlinson Road (two units), revealed the Savills report.
\nBased on URA Realis data, 102 units were sold at $3,000 psf or higher in Q1, marking the highest quarterly number since Q4 2007. Of these, 40 units were from New Futura at Leonie Hill Road, 13 from 8 Hullet, 12 from Gramercy Park at Grange Road and 11 from The Nassim at Nassim Hill.
\nDuring the quarter, Singaporean buyers accounted for 73 percent of the total transactions (with 3,419 units bought), while non-Singaporean buyers including permanent residents (PRs) and foreigners made up 26.5 percent (1,241 units). Companies accounted for the remaining 0.6 percent as they purchased 26 units.
\nSavills noted that the percentage of non-Singaporean buyers rose for the second quarter in a row, climbing 1.5 percent from Q4 2017.
\n\u201cNon-Singaporean buyers continued to be more active in the primary market,\u201d said Savills research and consultancy senior director Alan Cheong.
\n\u201cFor Singapore PRs, the top projects on their purchase lists included The Tapestry, Parc Botannia, and Queens Peak, whilst foreign buyers preferred Martin Modern, Highline Residences and Queens Peak.\u201d
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Increased activity in luxury condo market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of luxury apartments in Singapore. The luxury private condominium segment has sprung back to...<\/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-91224","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-nJm","jetpack-related-posts":[{"id":55577,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-posts-higher-sales-in-upscale-condos\/","url_meta":{"origin":91224,"position":0},"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":52814,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-to-launch-martin-modern-in-second-half-of-2017\/","url_meta":{"origin":91224,"position":1},"title":"GuocoLand to launch Martin Modern in second half of 2017","date":"April 25, 2017","format":false,"excerpt":"\r More than 80 percent of the Martin Modern site will be turned into a botanic garden. Image source: GuocoLand Property developer GuocoLand is targeting to launch Martin Modern, a new luxury condominium in District 9, in the second half of this year. Located at the corner of Martin Place\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113523,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-to-launch-van-holland-leedon-green-and-the-avenir-projects\/","url_meta":{"origin":91224,"position":2},"title":"Developers to launch Van Holland, Leedon Green and The Avenir projects","date":"January 10, 2020","format":false,"excerpt":"\r Developers are already making a head start in the early part of 2020 with already three freehold projects launches in Districts 9 and 10. Above: Van Holland Developers are already making a head start in the early part of 2020 as three freehold projects \u2013 Van Holland, Leedon Green\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120506,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-new-private-home-sales-down-2-6-in-june\/","url_meta":{"origin":91224,"position":3},"title":"Singapore new private home sales down 2.6% in June","date":"July 16, 2021","format":false,"excerpt":"\r Singapore new private home sales down 2.6% in JuneNew private home sales dropped 2.6% month-on-month, from 895 to 872 units, and decreased 12.6% year-on-year. New private home sales, excluding executive condominiums (ECs), slipped by 2.6% to 872 units in June from 895 units in May. On an annual basis,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/condominium-singapore.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":110501,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-to-preview-meyer-mansion-this-saturday\/","url_meta":{"origin":91224,"position":4},"title":"GuocoLand to preview Meyer Mansion this Saturday","date":"September 5, 2019","format":false,"excerpt":"\r The latest edition of GuocoLand\u2019s collection of luxury residential properties in prime districts, Meyer Mansion follows the success of projects such as Leedon Residence, Goodwood Residence, Martin Modern and Wallich Residence. Meyer Mansion, GuocoLand\u2019s freehold seafront residential development at Meyer Road, will be opened for preview this Saturday (7\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110204,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-condo-sales-hit-record-high-in-q2\/","url_meta":{"origin":91224,"position":5},"title":"Luxury Condo Sales Hit Record-High in Q2","date":"August 26, 2019","format":false,"excerpt":"\r Singapore saw 137 luxury condominiums change hands in the second quarter of 2019, or the highest since the Global Financial Crisis. The 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\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\/91224"}],"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=91224"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/91224\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=91224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=91224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=91224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}