Singapore

There were only 278 units sold during the month.

Despite firms’ plans to reduce office footprint, there will still be a net increase in office demand.

This brings total rental growth to 2.5% in H1 2023.

A total of 818 rooms were completed in Q1 alone.

Knight Frank advised that freehold properties are a popular investment.

Its initiative redefined the work-and-commute landscape by making it more accessible.

Three residential developments will be launched for sale this month.

The market is set to have 3,000 additional keys by the end of the year.

The projects completed in Q1 were mainly single-user facilities meant for self-use.

The awards programme lauds innovative and standout real estate projects and developments.

However, new supply only grew by 3% over the same period.

Nearly 400,000 private homes were available in Singapore as of Q1.

This is despite the strong 7.2% rental growth seen in Q1.

Find out how a machine learning algorithm forecasts rents till 2028.

It costs USD86 per sq ft to fit out a basic hybrid office in Singapore.

Singapore’s real estate sector will soon see a tightening of its customer and transaction due diligence requirements. From 28 June 2023, property developers will need to implement enhanced measures to prevent money laundering and terrorism financing. This will include the requirement to conduct customer due diligence (CDD) checks on new and existing property purchasers.