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Marketing In Asia > Blog > Business > News > Singapore Ranks 6th for Prime, Super-Prime, and Ultra-Prime Properties Globally
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Singapore Ranks 6th for Prime, Super-Prime, and Ultra-Prime Properties Globally

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Last updated: 2023/03/02 at 8:12 PM
Surbhi Sharma
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Singapore Ranks 6th for Prime, Super-Prime, and Ultra-Prime Properties Globally
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According to the latest report by Knight Frank, Singapore has ranked as the 6th top market for prime, super-prime, and ultra-prime properties globally. The report shows that Singapore, alongside Hong Kong, is the only other market in Asia that made it to the top 10.

Contents
Ultra-Prime and Super-Prime Transactions in SingaporePrice of Prime Properties in SingaporeProjected Increase in Prime Property Prices in SingaporeAlso read: Häagen-Dazs Honors Female Co-Founder Rose Mattus with “The Rose Project” Campaign

Ultra-Prime and Super-Prime Transactions in Singapore

The report also revealed that Singapore had 18 ultra-prime transactions and 121 super-prime transactions in the previous year. This indicates that the demand for high-end properties in Singapore remains strong, despite the challenging economic environment.

Price of Prime Properties in Singapore

The report also revealed that prime properties in Singapore are amongst the most expensive in the world. With US$1 million, you can buy only 34 square meters of prime property in Singapore. However, this has not deterred investors from investing in the market, as Singapore’s property market remains attractive to high-net-worth individuals seeking stable investments.

Projected Increase in Prime Property Prices in Singapore

Nicholas Keong, Knight Frank Singapore’s head of private office, predicts that prime property prices in Singapore will continue to rise in 2023, likely by 4%. This projection is due to the increasing number of wealthy individuals in Singapore and the upward pressure on prime property prices as a result.

Also read: Häagen-Dazs Honors Female Co-Founder Rose Mattus with “The Rose Project” Campaign

Despite the challenges posed by the pandemic, Singapore’s property market remains robust and attractive to investors seeking high-end properties. With strong demand and a limited supply of prime properties, prices are expected to continue rising in the coming years, making it an excellent investment opportunity for those seeking stable returns.

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    Surbhi Sharma March 2, 2023
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    By Surbhi Sharma
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    I am PhD in Mathematics from IIT Roorkee currently working as a Market Research & Data Analyst. I have a demonstrated history of working with Startups & Corporates across private equity, e-commerce and software product industries.
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