Singapore luxury residential sales fall but prices stay firm: CBRE
Transaction volumes in Singapore’s luxury residential market softened in 1H2023 as the US Federal Reserve aggressively hiked rates and the macroeconomic backdrop soured, according to CBRE research. Both Good Class Bungalows (GCBs) and luxury apartments experienced declines as the general property market mirrored the downward trend. GCB transactions totaled $525.3 million, representating a 14.4% decrease […]