Singapore

Distress residential properties now surfacing in Singapore’s auction market

Out of 29 mortgagee listings in Q3, 22 were residential properties.

Singapore auction listings increase by 24.4% to 102 in Q3

Almost half of the listings were from the residential sector.

Singapore home resale volume drops 12% to 2,748 units in Q3

Resale transactions in the OCR were least affected.

Singapore CBD office occupancy stable at 94.4% in Q3

Current occupiers are more likely to renew their lease contracts than to relocate.

Core CBD premium office rents in Singapore snap 2-year growth streak in Q3

Rents dipped by 0.1% in Q3, the first decline since Q1 2021.

Singapore industrial sales drop 13.9% to S$922.7m in Q3

This comes from 381 transactions closed during the quarter.

Singapore overall prime retail rents up 4.3% in Q3 

Marina Centre, City Hall, and Bugis registered the highest annual growth of 5.3%.

Singapore retail rental and price indices rise for second consecutive quarter in Q3

Retail rental and price indices grew 0.5% and 0.6% in Q3, respectively.

Signs that Singapore is finally achieving balance in residential supply and demand

Home prices are showing signs of stabilisation, inching up 0.8% in Q3.

Singapore office rental index jumps 4.9% in Q3

Rents have now grown by 12.8% in the first nine months of the year.

Singapore’s hospitality sector closes first ever investment deal of the year in Q3

It’s a deal worth over S$500m for the sale of PARKROYAL on Kitchener Road.

Singapore office rents to decline by up to 3% in 2024

Rents are expected to soften as supply surges from both CBD and non-CBD areas.