Singapore tops global rankings for HNW trophy homes, with London sitting just outside the top three

The latest market insight from Enness Global has revealed that Singapore offers high-net-worth homebuyers the greatest choice when it comes to securing a prime trophy property, whilst London ranks fourth globally, placing it just outside the top three prime international markets.

Enness Global analysed 13 global cities widely regarded as key destinations for high-net-worth property buyers, examining current for-sale listings to determine what proportion sits at an equivalent value of $10m USD or more.

For many high-net-worth individuals, trophy homes represent the pinnacle of global real estate ownership. Typically defined by their exceptional value, prime location, architectural significance, and exclusivity, these properties form a key part of globally diversified property portfolios. Beyond lifestyle appeal, they also serve as long-term wealth preservation assets and status symbols, often spanning multiple international markets.

The research shows that Singapore ranks top globally, with 5.2% of all homes currently listed for sale qualifying as trophy properties, highlighting the city-state's exceptional depth of luxury housing stock.

New York City ranks second, where 1.2% of current listings meet the trophy home threshold, followed by Dubai at 1.0%, highlighting both the long-established appeal of New York and Dubai's rapid emergence as one of the world's leading destinations for luxury property.

London sits just outside the top three, with 0.8% of all homes listed for sale qualifying as trophy properties. Hong Kong ranks fifth at 0.7%, followed by Sydney at 0.5%.

Elsewhere, European destinations account for a smaller proportion of trophy stock. Lisbon ranks seventh globally at 0.4%, followed by Madrid at 0.3%. Paris, Berlin, Toronto, Cape Town and Rome each see trophy homes account for just 0.1% of total market listings.

Islay Robinson, CEO of Enness Global, commented:

"Trophy homes sit at the very top of the global property ladder and play an important role in the wealth strategies of many high-net-worth individuals.

For these buyers, property ownership is rarely limited to a single country. Instead, we see clients building international portfolios spanning cities such as London, New York, Dubai and Singapore, allowing them to combine lifestyle flexibility with long-term investment security.

What this research highlights is that while London remains one of the world's most desirable trophy home destinations, other global cities, particularly Singapore, currently offer greater availability relative to overall market size.

However, demand for prime London property remains exceptionally strong, and the capital continues to be viewed as a cornerstone market for global wealth."