Luxury condo sales up 46.2% QoQ in Q2

Total transactions were nearly $900m.

The value of non-landed property transactions in the second quarter (Q2) in 2022 was worth $900m, a 46.2% increase from the previous quarter, Huttons said in its latest report.

Over 110 non-landed expensive properties were sold in Q2 2022, 64.2% higher than the first quarter this year.

The top three foreigners purchasing these properties are people from China, Indonesia and the US.

Huttons explained that relaxed borders and removal of quarantine for vaccinated people led to a spike in the number of luxury properties sold.

High-interest rates are not expected to put a dent interest in luxury properties as the majority of buyers are not availing loans.

Follow the link for more news on

Huttons Asia

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia