Singapore

New private home launches fell from 1,038 units in April to just 514 units in May. 

Rents of non-landed homes in this region increased 2.9%.

The leasing volume was up 8.7% to  23,567 year-on-year.

There is increasing demand from WFH locals who want their own confined space.

Transactions fell from 2,340 in April to 1,966 in May.

Despite the challenges, Drew & Napier’s Director and Co-Head for Real Estate still believe that the industry is and has always been an exciting area to work in.

Taiwan, Singapore, and Australia saw a spike in business park transactions in Q1.

The flats in Bukit Merah and Geylang could see strong demand but applicants will have to wait for longer.

This two-hour digital conference will happen on 8 June 2021.

Condos sold above S$2,000 psf accounted for 55.4% of sales in April this year.

These are necessary to understand the changes needed in the workplace.

To cushion the effects of remote work, KPMG in Singapore’s Partner and Head of Real Estate suggests tweaking tax rates and adjusting the basis of taxation to the F&B, hospitality, retail, and aviation sectors.

The Senior Partner for Corporate Real Estate at Rajah & Tann Asia thinks that the developed world is moving towards ESG development (Environmental, Social and Governance)

Such leases rose 23.9% to 2,320 transactions during the quarter.

The knowledge-intensive and supply chain-driven aspects of manufacturing and logistics will determine the outlook for the sector.

The vacancy rate stood at 14.9% in Q1 2021, the highest since Q4 2018.