Singapore among top cities for ultra-prime residential sales: Knight Frank.
In 2022, Singapore saw 18 private residences transacted for at least US$25 million, according to Knight Frank’s 2023 The Wealth Report
New York topped the list for super-prime sales with 244 deals, followed by Los Angeles and London . The three cities were also in the top three for ultra-prime deals, with New York and London both clocking up 43 transactions each, followed by Los Angeles with 39. Dubai topped the PIRI 100 for a second year in a row, registering a formidable price growth of 44.2% for its prime properties, followed by Aspen and Riyadh . Tokyo, in the fourth position, is the highest-ranking Asia Pacific city, registering 22.8% price growth.
For Apac, 45% of UHNWIs are expected to experience an increase in wealth in 2023 compared to 25% the previous year. “The optimism and confidence are driven by asset repricing, perceived value opportunities and an expected economic rebound in the Apac region,” observes Christine Li, head of research at Knight Frank Asia-Pacific.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore’s ultra-rich likely to buy watches in 2023, report findsThe 2022 Knight Frank Luxury Investment Index (KFLII) has found that Singapore’s ultra-rich are most interested in watches as investments of passion, followed by wine and rare whisky.
Read more »
17 more cases of African swine fever found in wild boars in SingaporeSINGAPORE — Another 17 cases of African swine fever have been detected in wild boars in Singapore.
Read more »
US solar installations fell 16% in 2022, but market rebounding -reportNew solar installations in the U.S. dropped 16 per cent to 20.2 gigawatts (GW) in 2022 from the prior year, largely because a ban on some Chinese goods limited the availability of panels, according to a market report released on Thursday. The quarterly report by the Solar Energy Industries Associatio
Read more »
Former Shell CEO's pay jumped 53% to $11.5 million in 2022LONDON :Shell's former chief executive, Ben van Beurden, received a pay package of 9.7 million pounds ($11.5 million) last year, up 53 per cent from 2021, the group said in its annual report on Thursday.The oil major delivered a record $40 billion profit in 2022, capping a tumultuous year in which a surge in
Read more »
Insurer AIA's new business value dropped 8.1% in 2022HONG KONG : Asia-focussed insurer AIA Group Ltd posted an 8.1 per cent decline in full-year new business value on Friday, as COVID-19 lockdowns in its main markets, China and Hong Kong, weighed on insurance sales.The insurer's value of new business (VONB), which measures expected profits from new premiums
Read more »