In any major city, owning residential property with a desirable postcode is a symbol of status and success. More so in land-scarce metropolises like Hong Kong, New York and Singapore.
Here on our little red dot, sales of luxury residential properties in prime districts are picking up, notably among foreign buyers, according to Leong Boon Hoe, chief operating officer of List Sotheby’s International Realty, Singapore. In fact, prestigious developments like Gramercy Park are already sold out, says Leong, while The Nassim and New Futura are over 50 per cent sold. This is thanks to the fine-tuning of some cooling measures in March 2017, as well as the fact that prices here are more palatable than that of cities like Hong Kong.
As such, here are the developments to monitor, if you haven’t already snagged that dwelling in the sky.