Singapore luxury residential sales fall but prices stay firm: CBRE
Singapore’s luxury residential market softened in 1H2023 as a result of rising interest rates and a bleak macroeconomic outlook, according to CBRE’s recent research report. Good Class Bungalows (GCBs) and luxury apartment transactions decreased during the period, mirroring developments in the broader property market. 13 GCBs worth a collective $525.3 million were transacted in 1H2023, […]