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Investors have long viewed Singapore as an island of stability that attracts the super rich from its less developed South-east Asian neighbours, as well as multi-millionaires from mainland China.
In the first eight months of this year, 68 condominium units in the wealthy city state were sold for $10 million and more each, the highest tally since the corresponding period of 2008.
Sales of such apartments also exceeded the numbers racked up for each full year from 2011 to last year, the consultants' analysis of transaction data shows.
The most important Real Estate news around Singapore
- Singapore to avert technical recession in Q3, but support still warranted: DBS
- Vertical “Kampung” To Rise Next To Yew Tee MRT Station In 2026
- Singapore headline inflation edges up 0.5% in August; core inflation stays flat
- Singapore in world's top 20 for trade growth potential: StanChart study
- Foreigners Buy 249 Condominium Units In Q2 2019
Latest Property news in Asia
- Anonymous foreign investor buys entire batch of Phu My Hung bonds
- Ho Chi Minh City welcomes new hotel
- Three bedroom homes sell the fastest, new analysis shows
- What An $800,000 Condo Looks Like In 7 Districts
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Previous news selection:
S-Reits on acquisition binge amid low interest rates
About Agent.sg Daily Property News Selection
Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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