Hong Kong, Singapore amongst leading markets in super-prime home sales

A total of 67 and 37 sales were recorded in Hong Kong and Singapore in the first quarter, respectively.

Hong Kong and Singapore are amongst the leading markets in the sale of super-prime homes, or residential properties worth more than US$10m, Knight Frank reported.

A total of 67 home sales were recorded in Hong Kong, whilst Singapore saw 37 sales in the first quarter.

Over the same period, sales of global super-prime homes grew by 11% quarter-on-quarter with 417 total sales across 12 key markets.

The strongest market was Dubai with 88 sales, followed by Hong Kong, New York (58), Los Angeles (46), Singapore (37), and London (36).

“Best-in-class properties continue to resonate with our clients globally. The market is evolving and buyers are more informed than ever, so vendors need to be realistic about settling prices even at the top tier of the market,” Nicholas Keong, Head, Private Office, Knight Frank Singapore, said.

“Our expectation for 2023 will see more subdued conditions compared to the recent 2021 peak, with transactions likely totalling US$25-27 billion for the full year. However, the recovery in growth in the global economy later this year will aid transactions in 2024 with a return to sales in excess US$30b+.”

Follow the link for more news on

Knight Frank

Also Read

One Sophia sells 30% of units at weekend launch

Turf City sites could deliver up to 800 public housing units: Huttons

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit