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Singapore Luxury Condos’ Early Struggle Shows Boom’s Limits
4 Articles
4 Articles
Singapore Luxury Condos’ Early Struggle Shows Boom’s Limits
A large-scale luxury development in Singapore sold only a tiny fraction of units when it started accepting bookings, reflecting the struggles of the priciest segment in the city-state’s otherwise stratospheric property market.
Singaporeans are splurging despite a global luxury slump - Robb Report Singapore
The city-state’s 240,000 millionaires outpace spending by other Asian markets amid declining luxury sales worldwide A global luxury slump hasn’t stopped Singaporeans from spending. Despite slow demand for luxury goods in major markets like the US and China, sales on the Southeast Asian island nation are expected to increase by seven per cent to S$13.9 billion ($10.9 billion) this year compared to 2024, according to market research firm Euromonit…
In three of the world's most expensive cities, two Asian cities, Singapore and Hong Kong, were found for wealthy citizens.
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