News

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.

Analysts expect the retail market to remain buoyant.

Rents are expected to decline by up to 5% in Q4.

Net absorption was at 1.9m sq ft in Q3 alone.According to a JLL report, premium office locations and high-quality buildings supported by institutional owners are anticipated to see increased leasing activity and rents.

The volume increased by 2.1% YoY.

It was a deal worth AUD420 million.

This is from the Marina Central Tower alone.

Vacancy rates have remained stable amidst a muted sales environment.

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

Demand remains steady despite negative absorption in Q3.

Thanks to a project under construction at 15 Sydney Avenue.

This new hotel added 989 rooms to the market.

Completions have underperformed for six consecutive quarters.

Thanks to six new hotels currently under construction.

Gurgaon accounted for over 80% of the sales in the quarter.

Prices contracted by 0.7% in Q3 2024.