Market Watch

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Inside The Retreat At Moonstone Beach

Inside The Retreat At Moonstone Beach

Known for its sandy coves, rocky bluffs, and the eponymous semiprecious stones that often wash up on its shore, Moonstone Beach is one of Southern California’s most beloved stretches of coastline. On an emerald perch high above, this consummately private 78-acre estate is an elegant, self-sufficient sanctuary encompassing a 12,000-square-foot residence, an inviting guesthouse, staff quarters, garaging to showcase up to 50 cars, two event halls, a helipad, equestrian facilities, six acres of rolling pinot noir vineyards, expanses of equestrian land, and open space and pine forests threaded with...

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SINGAPORE LUXURY HOMES ACED THE PANDEMIC TEST

SINGAPORE LUXURY HOMES ACED THE PANDEMIC TEST

SINGAPORE LUXURY HOMES – H2 2021 SURGE IN LUXURY SALES VOLUME AND PRICES In 2021, at least 665 luxury residential properties were sold, according to caveat data compiled by URA. This is about a 120% increase over the sales volume in 2020.   The surge in sales volume in this tier is remarkable. Stoked by a booming stock market, low interest rates, and a pandemic-era’s amplified focus on home life, prices for luxury homes have also risen significantly across the housing types. A total of 34 bungalows in the GCB areas and 14 bungalows at Sentosa Cove were sold in H2 2021, compa...

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The Biggest Deals In 2021

The Biggest Deals In 2021

2021 has been a year of uncertainty. From bleak economic outlooks to new variants of Covid-19 emerging throughout the world, it has changed the market outlook significantly. Despite this, the private property market has remained resilient in Singapore. With higher vaccination rollouts, coupled with the lower interest rates buyers pay, there has been a notable increase in number of property transactions in 2021.   Good Class Bungalow Demand for Good Class Bungalows (GCB) turned out to be robust in 2021, despite the ongoing uncertainty in the market. Covid-19, has ince...

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Blue Skies for Residential Market

Blue Skies for Residential Market

Residential Market Watch Q3 2021 Sales volume and prices continued to rise The pace of private residential sales continued unabated despite the spike in Covid-19 infections from August onwards. Singapore is trying to live with COVID-19 and containment measures were eased as part of a phased reopening since the national vaccination rate hit 80%. Advanced estimates showed that the Singapore economy grew by 6.5% year-on-year, much slower than the 15.2% growth in Q2 2021. Nevertheless, the Monetary Authority of Singapore kept the forecast for the year at 6-7% on the basis that eco...

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Shophouse Market Turns Vibrant

Shophouse Market Turns Vibrant

A pair of adjoining three-storey conservation commercial shophouses at 44 & 46 Club Street. Sold by List Sotheby’s International Realty, Singapore for $25.5 mil in July 2021 The first sign of vibrancy in the shophouse market was noted when 57 deals were closed in Q4 2020, up from the average of 30 deals in the previous three quarters. The sales momentum continued in 2021 bringing the total deals in the first eight months of the year to 166. At this rate, 2021 is on track to outperform the pre-pandemic high of 170 deals in 2018. Depending on the size of deals, there is a possi...

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Residential Market Watch Q2 2021

Residential Market Watch Q2 2021

HOUSING: A SAFE HAVEN IN PANDEMIC TIMES Homebuyers undaunted by spike in infections Demand for private homes stayed on course in the midst of rising infections as it rode on the wave of the economic recovery in Q2 2021. Advanced estimates showed that the Singapore economy grew by 14.3% year-on-year, an improvement from the 1.3% growth in the previous quarter. While this strong growth was due to the low base in Q2 2020, it was premised on an expansion in the manufacturing sector and the information & communications, finance & insurance and professional services sect...

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Investor Interest Revving up Office Market

Investor Interest Revving up Office Market

COMMERCIAL MARKET WATCH H1 2021 Signs of Recovery in Office Market Singapore’s office market has experienced a sort of roller-coaster ride in the past 18 months due to the Covid-19 pandemic. At the end of 2020, most companies were assessing what the ‘new norm’ would look like post-Covid-19. For some companies, working from home was becoming a suitable model, for others, the traditional assembly of staff in the same physical location was still preferred. A movement of right-sizing began as companies, major banks in particular, looked to save costs by either giving up space that h...

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Ultra-Rich Eyed Luxury Homes Amidst Pandemic

Ultra-Rich Eyed Luxury Homes Amidst Pandemic

SINGAPORE LUXURY HOMES – H1 2021 Pandemic-led Boom in Luxury Market The sale of luxury homes is moving at a pace not seen since a decade or so ago. With 53 bungalow deals in the Good Class Bungalow (GCB) Areas in H1 2021, it has exceeded the 46 deals done in the whole of 2020. The  last record high was 67 bungalows sold in GCB Areas in H1 2010. That year – as the Singapore economy rode on the Asian recovery from the Global Financial Crisis – a total of 120 bungalows were sold. The bungalow market at Sentosa Cove also saw a lively momentum with 10 deals in H1...

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Why A Luxury Rental Might Be Your Next Great Real Estate Decision

Why A Luxury Rental Might Be Your Next Great Real Estate Decision

Depending on your lifestyle, the rental of a luxury home can fill a noticeable gap in your future planning. Whether you haven’t yet found the perfect home for purchase, or you’re dreaming of an extended staycation, renting can satisfy your current shelter needs—and save you a few of the commitments that come with full ownership. And who’s to say renting won’t bring you one step closer in your search for your next house? Here are some of the benefits luxury rentals can offer as you dovetail your plans with the unexpected. A Change of Scenery—Without the Commitment Provence-Alpes-...

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Did We Uncover The World’s Most Inspiring Dining Rooms? You Decide

Did We Uncover The World’s Most Inspiring Dining Rooms? You Decide

The dining room is an important hub in any home. It’s where families gather, where friends linger late into the evening after a dinner party, where holiday meals take place and school projects are constructed. The dining room is the space where eating, drinking, and communal living happen, and its décor should reflect both the comfort and significance of connection. These seven dining rooms range from eclectic and contemporary to classic and sophisticated, each serving as an inspirational space no matter the occasion. Find the room that speaks to you, and bask in the glow of this integral...

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