Silver lining in the property market

IT was clearly not a champagnepopping moment for property players when Budget 2016 was unveiled, offering no reprieve from existing cooling measures. Realistically, one should expect this stalemate to continue for a large part of this year, though the government may undertake off-Budget measures to prop up the market if it deems it necessary to do so. Arguably, the wait for policy changes should be over soon and it may well be time for those waiting on the sidelines to take action.

Under current conditions, opportunistic investors may start scouring for gems in the property market. Articles here offer some glimpses on how to do so.

On the residential front, CBRE is expecting demand for resale prime homes to continue this year primarily because the supply pipeline is running low.

Colliers International believes that good class bungalows' steady price appreciation over the last decade puts owners in a position to consider sale offers and take good profit.

For mass-market condominiums, Knight Frank says investors who are looking to buy lease-ready completed properties could scour the market for properties in well-connected locations at reasonable prices, while ensuring the target rents are achievable.

Investors who remain interested in overseas residential markets could peer into why some specific areas in Malaysia and Australia remain viable considerations for Singaporeans.

Notwithstanding the downturn in commercial space, consultants offer insights on where the bright spots are, and their potential beneficiaries.

In the office space, consultants urge occupiers to take advantage of softening rents to locate themselves in Grade-A CBD Core premises, and explain how developers can build a desirable product for the technology sector - the current demand driver for office space.

Other articles in this supplement take you deeper into how retailers can tap Big Data to streamline their operations and identify key target markets, the rise of self-storage operators, as well as a better understanding on why executive condominium prices won't fall by much.

With that introduction, it's time to turn over the pages and soak in the views of these property experts.

Supplement editor: Lynette Khoo Cover design: Lynette Neo Sub-editors: Agnes Wee, Vivien Ang Graphics: Gareth Chung, Jennifer Chua, Ludwig Ilio, Noordin Ayob, Sarah Elenita Loyola Advertising sales: Ivy Hong 9791-6422 Jasmine Tan 9026-7892 Shirley Chua 9620-1339 Stella Yeo 9799-9001

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