Sales of prestige landed homes rise 33.2% HoH in 1H23

There were 57 deals in the first half of the year.

Fifty-seven prestige landed homes got sold from January to June this year, marking a 33.2% growth from 2H22.

Data from PropNex showed that the 1H23 transactions amounted to $1.03b.

Stronger transaction volume in the first quarter drove sales in 1H23. In 1Q23, there were 37 deals worth $642m. Meanwhile, 20 deals worth $385m were recorded in 2Q23.

Given the healthy transactions of prestige landed homes in 1H23, PropNex expects sales volume and value for full-year 2023 to possibly exceed the 2022 record of 104 deals valued at $1.63m.

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PropNex

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