Non-landed homes see 9% sales decline to $1.9b for H2 2021

225 units were transacted in the same period.

Luxury non-landed sales for the second half (H2) 2021 dipped by 9% to $1.9b for the period of H2 2021.

225 units were transacted in the same time frame, with District 10 being the top location of choice. Over 103 sales were recorded in the region.

Meanwhile, three of the top five prime non-landed residential transactions for H2 2021 were located at Les Maison Nassim, with the most having a value of $75m at a unit price of $6,210 per square foot (psf). Following this were units sold at $37m for $5,672 psf, and $35m at $5,786 psf, respectively.

Alba and Le Nouvel made up the latter of the list at $26.4m at $4,098 psf and $26.3m at 4,906 psf, respectively.

Knight Frank, the group behind the report, pointed towards the announcement of the latest cooling measures and a 10% Additional Buyers’ Stamp Duty hike on foreign buyers as an obstacle to the recovery of the housing market in the Core Central Region.

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