• 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.