Savills

Declining rates, shifting capital flows, and niche assets are fueling regional momentum.

The growth is a lot slower than last year’s 10.5% increase.

The fall was mainly driven by the one-north area.

Sales grew by 7.6% You to 440 transactions.According to a Savills report, following a short-lived recovery in Q2, the strata industrial sales activity in Singapore slowed by 19.7% QoQ to 440 transactions in Q3 due to the high base effect in the preceding quarter.

The volume increased by 2.1% YoY.

A new trend could have emerged in relation to the sizes of new sales units.

Prices contracted by 0.7% in Q3 2024.

But sales are still 40% lower YoY.In line with the surge in the number of launched units, providing a wider variety of options to homebuyers, Singapore’s new sales expanded 60.0% QoQ to 1,160 units in Q3/2024, according to data from Savills. However, on a YoY basis, it was still 40.4% lower.

Residential launches more than doubled QoQ to 1,284 units during the quarter.

Its manufacturing and tourism rebound will spur demand for industrial and high-street shops.

Dubai's no-tax regime and golden visas attract record-high property transactions.

Real estate developers and asset managers are increasingly adopting sustainable practices for energy efficiency and net-zero goals.

Friendshoring, a strategy focusing on political and economic allies, is reshaping Asia Pacific's property market.

Asian countries India and Indonesia, along with Egypt, UAE, and Saudi Arabia were highlighted as strong contenders to climb the global real estate value ranks.

The office sector in Clark, Iloilo, and Davao is expected to be ‘very bullish.’