Guess how much investment Singapore luxury homes amassed in Q3

Here’s more from Savills:

Within this segment, the Good Class Bungalow (GCB) market has steadily improved over the past two quarters, with seven GCBs changing hands in Q3, up from two in Q1 and five in Q2.

Buying interests from high-net-worth individuals for this prestige asset class remained strong, driven by wealth preservation and long-term capital appreciation, underpinned by Singapore’s safe-haven appeal.

According to caveats lodged with URA realis, the priciest landed home transacted during the quarter was a GCB at 50 Chee Hoon Avenue, which was sold for S$55.0 million, or S$3,955 psf based on its 13,906 sq ft of land area.

For non-landed properties, the highest-value deals came from two duplex penthouses in the freehold luxury condominium 21 Anderson, each sold for S$52.5 million, translating to S$4,999 psf based on the strata area of 10,452 sq ft.