Generational wealth transfer, Singapore’s stability underpin demand for the creme de la creme of the city-state’s landed housing market
AFTER a strong performance in the Good Class Bungalow (GCB) market in the second half of 2024 lifted full-year sales above 2023 levels, market watchers are upbeat about prospects in 2025.
Julian Yip, managing director of Realstar Premier, said: “GCB buying activity will be supported by interest rates still continuing to go down, maybe by 100 basis points in 2025.”
He added: “Geopolitical conflicts and trade wars will continue to make Singapore even more attractive as a safe haven for new-citizen UHNWIs (ultra-high-net-worth individuals), be they from Taiwan, India or Europe.”
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