In Focus

The success rate was at 9.5%, equivalent to a total gross sales value of S$90.3m in 2022. 

And 70% believe unpredictable interest rates will significantly affect investment decisions.

Residential properties accounted for over half of the listings in 2022.

Rents in this city dipped by 0.1%, its first decline since the pandemic began.

GuocoLand capitalised on these trends, resulting in 84% of Lentor Modern units sold in two days.

Weaker sales during the Lunar New Year and fewer sellers caused the decline.

Hong Kong is back on the top 5 after a 4-year hiatus.

This is the fourth consecutive year that Tokyo takes this spot.

Commercial property investments rose 53% in this market. 

The office leasing market remains active with occupiers looking for quality space.

The market is expected to continue to favour tenants.

APAC operators also plan to increase rates by 8.3% over the next 12 months.

APAC investment volumes could drop by up to 10% this year, but capital inflows to this sector could rise 6%.

Tenant activity is heavily reliant on lease expiries.

Five APAC cities made it to the global top 10 ranking this year.

Fit out costs in APAC grew 4.5%, with the biggest increases seen in Australia, Singapore, Malaysia, and South Asia.