Strong sales of luxury apartments this year

This comes amid property market upswing, but their prices are not setting records

Deep-pocketed buyers have been out in force this year, with at least 19 sales of luxury apartments with price tags in excess of $10 million.

Property consultancy OrangeTee & Tie said the most expensive unit in terms of absolute price sold so far was a sprawling unit at City Developments project Gramercy Park, which went for $24.5 million or $3,362 per sq ft (psf).

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A version of this article appeared in the print edition of The Straits Times on April 16, 2018, with the headline 'Strong sales of luxury apartments this year'. Print Edition | Subscribe