Property 2022 (Oct issue)

Occupiers are gravitating towards better quality and newer office developments in their hunt for office premises post-pandemic. Accordingly, the average vacancy rate for the Marina Bay sub-market, home to mostly newer, good quality and green office developments, had tightened to 3.6 per cent by end Q2 2022 on the back of the ongoing flight-to-quality.
PROPERTY 2022

Attracting and retaining office tenants in the post-pandemic world

THE Covid-19 pandemic has upended the way we work as well as altered the workforce’s priorities and expectations of its workplaces. The formula for landlords to attract and retain office tenants has t...

The landed property market looks set to continue at the current pace for the rest of 2022 as global geopolitical uncertainties persist. Total demand for landed homes could reach around 2,000 units and the URA price index for landed homes could gain some 10 per cent for the whole year, according to List Sotheby’s International Realty.
PROPERTY 2022

Are landed homes becoming a wealth preservation asset?

2021 was a sterling year for the landed homes market as it recorded the highest sales volume since 2010 with more than 3,000 transactions. The sales momentum was mainly driven by the pandemic, which d...

The Pinnacle@Duxton is a relatively new HDB project that is close to the central business district, and this enables it to command lofty prices. At S$963 per square foot (psf), the median price of the million-dollar flats at this HDB project is the highest among all the HDB towns with million-dollar flats, ERA highlighted.

Public housing with million-dollar price tags

PRIOR to 2012, paying S$1 million – or more – for a HDB flat was unheard of. In 2012, two HDB resale flats were sold at those price levels. Since then, million-dollar HDB resale flats are becoming mor...

According to Huttons, rents of private homes are estimated to increase up to 10 per cent in H2 2022.
PROPERTY 2022

No signs of cooling for the rental market in 2022

If there is one word to describe the 2022 rental market in Singapore, it is hot.

Even though the current strata retail market is nowhere near the sales performances recorded in 2012 and 2013, there are promising signs that interest in strata-titled retail space could rekindle in the next 12 to 18 months. While the lingering threat of Covid-19 remains, Singapore has resolutely reopened at a time when revenge travel and shopping is gaining momentum.
PROPERTY 2022

The return of the strata retail market

The retail sector took a beating from the pandemic-led recession of 2020 and the social mobility restrictions that characterised much of 2021. As the nation pivots to endemic living, the strata-retail...

PropNex anticipates that the median selling price of overall new OCR projects may hover around the S$2,000 psf range in the near-term with Sky Eden@Bedok transacting 118 units at an average price of S$2,100 psf, and Lentor Modern (pictured) selling 84 per cent of its units also at an average price of about S$2,100 psf.
PROPERTY 2022

Pricing mass market homes for HDB upgraders

Private homes in suburban areas, also referred to as the Outside Central Region (OCR), tend to be the entry point into private housing for many Singaporean households as they are generally priced lowe...

The supply of new ECs will remain limited, notes real estate agency OrangeTee & Tie. Apart from the newly launched North Gaia (above) in Yishun Close, most ECs are either sold out or have only a handful of units left.
PROPERTY 2022

Investment potential of executive condominiums 

EXECUTIVE condominiums (ECs) are highly attractive to HDB upgraders for their affordability and investment potential. While new ECs are equipped and furnished like private homes, they are priced about...

In Q2 2022 and for the period July and August 2022, the percentage of foreign buyers of non-landed properties in the CCR was 12.3 per cent and 11.9 per cent respectively. The highest percentage recorded in 2021 was 10.2 per cent.
PROPERTY 2022

Luxury non-landed private residential market returns to a world without borders

When the additional buyer’s stamp duty (ABSD) for foreigners was raised from 20 per cent to 30 per cent on Dec 16, 2021, people could not be faulted for harbouring the view that the luxury segment of ...

To date, the domestic market has witnessed almost S$1.2 billion in transactions, led by the sale of 28 and 30 Bideford Road at effectively S$1.3 million per key, and SO/Singapore at S$1.2 million per key.
PROPERTY 2022

Singapore hotels remain an attractive asset class for investment as recovery takes hold

HOTELS in Singapore are witnessing a rapid bounce-back in performance, as travel rebounds with the full reopening of international borders in late April.

Logistics investments are a significant proportion of Apac industrial investment sales, taking up about a third of total industrial investment volume over the last 5 years.
PROPERTY 2022

Multi-faceted industrial market in Apac has diverse growth opportunities

AN uncertain trajectory of inflation and rising interest rates have fuelled a gap in buyer-seller expectations and slowed industrial investment in the Asia-Pacific (Apac), but the region’s growth stor...