Activity in the GCB market rebounded strongly with 30 transactions in H2 2020, from just 14 transactions in H1 2020.
The positive sales momentum in the GCB market is expected to continue in the coming year.
Transactions of high end homes in the Sentosa Cove enclave picked up in H2 2020, even as the residential market was affected by the COVID 19 outbreak.
In H2 2020, a total of 148 caveats were lodged for apartments in the CCR worth $5.00 mil and above. Though sales volume was comparatively lower than 189 units in H2 2019, it still represented a healthy level of buying activity in the luxury market.
CBRE Research believes that residential investment market will be spurred on by low interest rates and ample liquidity.