Savills

Investor interest is still robust in Japan’s office sector.

The Asia Pacific region will be a key investment driver and outperform global peers.

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.