As a result of the April 2023 cooling measures, the drop in foreigner homebuyer participation will characterise the slowing market for prime homes in the remainder of 2023.
However, local ultra-high-net-worths, newly naturalised citizens and younger nouveau riche continue to pursue such homes, supporting prices.
In H1 2023, landed home prices moved up with consistent demand amid limited saleable inventory.
Download our latest Singapore Prime Non-Landed and Landed Residential Report H1 2023 now.
