KUALA LUMPUR, Dec 12 (Bernama) -- Bursa Malaysia’s key index closed higher today on bargain hunting, in line with positive investor sentiment across regional markets, consolidating at its highest level in more than two months — a level last seen on Oct 2, 2025. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 12.42 points, or 0.76 per cent, to 1,637.81, compared with Thursday’s close of 1,625.39. The benchmark index opened 2.83 points lower at 1,622.56, thereafter edged down to an early low of 1,622.03, before staging an uptrend to an intraday high of 1,640.36 in late trading. Market breadth was positive, with gainers trouncing decliners at 743 versus 387. Another 530 counters were unchanged, 1,108 untraded, and 16 suspended. Turnover increased to 3.09 billion units worth RM2.46 billion from 2.99 billion units worth RM2.35 billion on Thursday. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI ended higher on continued...
Singaporeans continued to dominate the luxury property market in the third quarter, with locals accounting for 76% of all luxury home purchases, according to a new report from OrangeTee.
Local Buyers Drive the Market
Out of 171 luxury transactions in Q3:
130 were purchased by Singaporeans, up from
70.2% in Q2, and
72.5% in Q3 2024
The rise reflects:
Growing local affluence
Strong interest in high-end real estate as long-term investments
A focus on wealth preservation
Luxury Sales Value in CCR Jumps Nearly 26%
Properties in the Core Central Region (CCR) priced above $5 million saw a strong surge:
- Total sales value rose 25.7% to $1.73 billion in Q3(up from $1.37 billion in Q2)
- Average price per unit increased to $10.09 million(from $9.73 million previously)
Transactions Hit New Highs
CCR luxury home sales (excluding bulk deals):
171 units sold in Q3
Up from 143 units in Q1
And 141 units in Q2
Both new sales and resale volumes increased:
31 new luxury homes sold, up from 18 in Q2
Resale transactions rose from 121 to 138
New Launches Boost Demand
Several high-profile launches contributed to stronger new sales, including:
UpperHouse at Orchard Boulevard
The Robertson Opus
21 Anderson
Watten House
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