SINGAPORE, Jan 29 — Singapore’s luxury condominium resale market has slowed significantly in 2024, with property agents struggling to find buyers despite a high number of...
People walk along the promenade at Marina Bay in Singapore on January 27, 2025. Singapore ’s luxury condominium resale market has slowed significantly in 2024, with property agents struggling to find buyers despite a high number of listings. — AFP picas a first-time user . Exclusively for Malay Mail readers: Use codeSINGAPORE, Jan 29 — Singapore ’s luxury condominium resale market has slowed significantly in 2024, with property agents struggling to find buyers despite a high number of listings.
This was a significant drop from 2023, when the priciest deal was a S$32 million penthouse at Goodwood Residence, reportedly purchased by a Singapore permanent resident of Chinese nationality. Foreigners are restricted from purchasing landed homes in Singapore unless they obtain permission from the Land Dealings Approval Unit, with Sentosa Cove being the exception.
Wong is currently marketing two luxury units at The Ritz-Carlton Residences, including a penthouse listed at S$39 million and a four-bedroom unit priced below valuation at S$10.9 million.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tengku Zafrul: Malaysia records RM2.62 trillion in trade value for Jan-Nov 2024Her statement comes after she was seen in a wheelchair at a hospital and days after an anonymous individual, claiming to be Zhao's friend, alleged that the 26-year-old had been abused by her previous employer.
Read more »
Singapore's Economy Surpasses Expectations, Growing 4.0% in 2024Singapore's economy expanded by 4.0% in 2024, exceeding initial forecasts of around 3.5%. Prime Minister Lawrence Wong attributed this success to the collective efforts of Singaporeans and highlighted the rising real income for most workers. Wong also outlined plans for the upcoming Budget 2025, which will address economic competitiveness, job creation, and cost-of-living concerns.
Read more »
Singapore Economy Surpasses Growth Expectations in 2024Singapore's economy outperformed projections, expanding by 4.0% in 2024. Prime Minister Lawrence Wong highlighted the robust growth and its positive impact on real income, noting wage increases exceeding inflation. He also outlined plans to continue strengthening Singapore's economic competitiveness and social support systems in the upcoming Budget 2025.
Read more »
Singapore Sees Strong Economic Growth in 2024Singapore's economy expanded at its fastest rate since exiting the pandemic in 2024, fueled by a strong manufacturing sector and shifting supply chains.
Read more »
2024 one of the hottest years, rainfall also higher than average, says Singapore's Met ServiceThe American state of Colorado is trying different approaches as making hospital prices public alone hasn’t worked.
Read more »
Man Accused of Killing Woman in 2024 Singapore Murder Taken Back to Crime SceneNg Chen Heng, 66, was escorted to the Ang Mo Kio unit where 67-year-old woman was allegedly killed in November 2024. Police believe Ng and the victim were in a relationship. Ng faced a murder charge in December 2024 after authorities investigated the case, which involved a separate suspect who fled Singapore.
Read more »