News

Competition is tough for units in Ang Mo Kio and Geylang.

Average monthly rent was down by 0.3% QoQ to S$3.48 per sq ft.

Absorption fell 56% QoQ to 0.48 million square metres in Q2.

Retail rents are expected to fall sharply in major cities in APAC.

Well over 95% of the supply has already been filled or pre-leased, whilst existing supply has little vacancy.

Knight Frank says there is a strong negative correlation between mass residential prices and unemployment.

Grade A office rents inched up by a mere 0.2% in Q2 2020.

This translates to a total transacted value of S$272.2m, down 42.3% from S$471.4m in H2 2019.

Demand for homes in the affordable and mid segments is expected to drive the market.

It fell 34% to 16.3 million sq ft, no thanks to tenants cutting costs amidst the pandemic.

But volumes have yet to hit 2008/09 lows.

Strong warehouse demand from e-commerce platforms is driving robust leasing activity in APAC.

This mild pullback could be the initial blow of a bearish multi-family leasing market, according to Savills.

Vacancy rates stood at 6.9%, and rents inched up 1.6% YoY.

Savills reveals that Australia is closely following UK's decade-long Build-To Rent growth spurt. Accelerated by the emergence of COVID-19, new ways of living and working throughout Australia are emerging and growing in popularity, at a time when people are increasingly becoming isolated and craving connection.

Pre-COVID, Asian buyers were looking at investment returns when purchasing properties. Now they are interested in properties that can offer them lifestyle.