CNBC Make It’s Post

Asia’s top 4 up-and-coming rental markets that may be challenging traditional property hubs Among the known, established property markets, Hong Kong was the only one to make it to the top five in a list dominated by lesser-known cities, according to a recent report by realty services firm JLL. “We remain bullish longer-term on more established markets like Hong Kong, but primarily we see more conspicuous rental growth in some of the region’s more developing markets including Ho Chi Minh City, Jakarta, Bangkok and Manila,” JLL Asia-Pacific Chief Research Officer Roddy Allan told CNBC. #realestate #property #realestatedevelopers #realestateagents #rentals #housing #residential #demand #growth #leasing #data #report #investors #investments JLL https://lnkd.in/gEK4si-t

Some regions in Asia have long-standing reputations for having expensive real estate markets. Names like Singapore or Hong Kong may come to mind, but there are a couple of up-and-coming cities that are giving these traditional hubs a run for their money. I spoke with JLL to learn more about the residential leasing markets in Asia. Find out what the top 4 up-and-coming rental markets are in the region in my story below: CNBC CNBC International CNBC Make It #cnbc #realestate #housing #rent #residentialproperty #asia https://lnkd.in/gcRJeCxJ

An interesting piece from Nicholas Spiro on the rental markets across Asia that have been seeing significant shifts, with Singapore experiencing a notable decline in private property rents, while Bangkok and Hong Kong are witnessing rising rental values. This volatility is largely driven by local factors such as economic recovery, foreign worker inflows and supply-demand dynamics. It’s essential to focus on markets where long-term fundamentals remain strong, despite short-term fluctuations. Bangkok, for instance, presents a compelling opportunity for those looking to capitalise on upward rental trends. #RealEstateInvestment #AsiaMarkets #PropertyTrends #multifamily South China Morning Post SCMP

Last week, I stopped over in Singapore and the city's skyline left me in admiration. The way they've 𝐛𝐮𝐢𝐥𝐭 𝐮𝐩, 𝐧𝐨𝐭 𝐨𝐮𝐭, is a masterclass in making the most of limited space. While there, I caught up with some friends and clients, and we got talking about how different buying property is in Singapore compared to Australia. 𝐈𝐧 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚, 𝐰𝐞 𝐥𝐨𝐯𝐞 𝐨𝐮𝐫 𝐬𝐩𝐚𝐜𝐞 – most of us dream about having a big backyard. But in Singapore, it's a whole different game. Land ownership is extremely rare. Instead, people look up, with towering apartment blocks or condos, as they're commonly known. And guess what? Buying a nice condo there can cost a couple of million dollars, and renting one isn't cheap either! It made me think about how Melbourne, where I'm from, and Singapore have about the similar number of people living in them. But Melbourne is so much bigger! Singapore doesn't have the space to spread out, so they build up. Did you know Singapore is among the 𝐰𝐨𝐫𝐥𝐝'𝐬 𝐝𝐞𝐧𝐬𝐞𝐬𝐭 𝐜𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬, with over 8,000 people per square kilometre, compared to Melbourne's relaxed 500? This density difference isn't just about numbers; it shapes every part of life; from the way we live to how we invest in our homes. This little stopover got me thinking a lot about the different ways cities grow and how people make the most of the space they have. It's fascinating to see how creativity flourishes when there's a limit on space. How does your city tackle space and living? I'd love to hear a few interesting stories below! #RealEstate #CityLiving #GlobalCities #MelbourneVsSingapore #PropertyInvestment

🌟 Unlocking Hidden Gems: The Unfolding Story of Far East Shopping Centre 📍 In the heart of Singapore's iconic Orchard Road, a property saga unfolds, capturing the attention of real estate enthusiasts and investors alike. The Far East Shopping Centre, a beloved landmark, has found itself at the center of a high-stakes bidding war. 🔍 With an initial guide price of S$928 million, this aging mall has proven to be a diamond in the rough, attracting bids from both Chinese and Indonesian developers. The latest offer of S$850 million, while lower than expected, still values the property at an impressive S$2,925 per square foot of land area. 💡 As the owners weigh their options, the question arises: Is it worth holding out for a higher bid, or should they seize the opportunity presented by the current offer? The decision they make will not only shape the future of this prime real estate but also serve as a barometer for the commercial property market amidst rising interest rates. 🌇 Nestled in the vibrant Orchard Road district, the Far East Shopping Centre represents more than just a property transaction. It is a testament to Singapore's ever-evolving urban landscape, where revitalization and progress go hand in hand with preserving the city's rich heritage. 💬 What strategies would you recommend for the owners to maximize the value of this prime asset? Share your insights and let's explore the fascinating world of real estate together. #RealEstate #CommercialProperty #SingaporeProperty #InvestmentOpportunities #UrbanRevitalization https://lnkd.in/g3iAT2x6 🗺️🏗️🏫🏪🏭🏬🏣🏢🏘️🏦 👋 I am Trevor Soon, 🏆 Top Real Estate Voice & Top 5% Realtor. 👨💼 Senior Leader Connecting Developers, Professionals & Investors for Growth. 💡 Empowering Real Estate Investment with Emotional Resilience. 🤝 Let's connect and explore how we can win together!

🌟 The Rise of Mixed-Use Developments in Singapore 🌟 🏙️ Convenience at Your Doorstep: In the wake of the pandemic, the demand for convenience and nearby amenities has skyrocketed. Enter mixed-use developments—projects that seamlessly integrate residential, office, hotel, and retail spaces within a single complex. Imagine living, working, and playing all in one vibrant hub! 📈 Growing Popularity: With Singapore’s strategic push towards decentralization, mixed-use developments are sprouting up everywhere. Between 2018 and 2023, 33% of government land sales sites awarded were for mixed-use projects. In just the first five months of 2024, three out of five sites awarded followed this trend. The South Beach project is a prime example, boasting Grade A office space, residential units, a hotel, and retail spaces all in one location. 💡 Beyond Convenience: While these developments offer unparalleled convenience, their true value lies in a mix of factors. Prospective buyers should consider location, the specific blend of asset classes, potential for value appreciation, and personal needs. It’s not just about scale, but about finding the right balance that suits your lifestyle and investment goals. 🌟 An Investment Worth Considering: Mixed-use developments represent the future of urban living, offering a blend of convenience, luxury, and potential financial rewards. As Singapore continues to evolve, these projects are set to redefine our cityscape. ❓ Insightful Thought: Are mixed-use developments the key to a more sustainable and integrated urban lifestyle? How will they shape the future of real estate in Singapore? https://lnkd.in/g5YrggVi #MixedUseDevelopments #SingaporeRealEstate #UrbanLiving #InvestmentOpportunities #FutureOfCities -------- 🗺️🏗️🏫🏪🏭🏬🏣🏢🏘️🏦 👋 I am Trevor Soon, 🏆 Top Real Estate Voice & Top 5% Realtor. 👨💼 Senior Leader Connecting Developers, Professionals & Investors for Growth. 💡 Empowering Real Estate Investment with Emotional Resilience. 🤝 Let's connect and explore how we can win together!

🌟 The Rise of Mixed-Use Developments in Singapore 🌟 🏙️ Convenience at Your Doorstep: In the wake of the pandemic, the demand for convenience and nearby amenities has skyrocketed. Enter mixed-use developments—projects that seamlessly integrate residential, office, hotel, and retail spaces within a single complex. Imagine living, working, and playing all in one vibrant hub! 📈 Growing Popularity: With Singapore’s strategic push towards decentralization, mixed-use developments are sprouting up everywhere. Between 2018 and 2023, 33% of government land sales sites awarded were for mixed-use projects. In just the first five months of 2024, three out of five sites awarded followed this trend. The South Beach project is a prime example, boasting Grade A office space, residential units, a hotel, and retail spaces all in one location. 💡 Beyond Convenience: While these developments offer unparalleled convenience, their true value lies in a mix of factors. Prospective buyers should consider location, the specific blend of asset classes, potential for value appreciation, and personal needs. It’s not just about scale, but about finding the right balance that suits your lifestyle and investment goals. 🌟 An Investment Worth Considering: Mixed-use developments represent the future of urban living, offering a blend of convenience, luxury, and potential financial rewards. As Singapore continues to evolve, these projects are set to redefine our cityscape. ❓ Insightful Thought: Are mixed-use developments the key to a more sustainable and integrated urban lifestyle? How will they shape the future of real estate in Singapore? https://lnkd.in/g5YrggVi #MixedUseDevelopments #SingaporeRealEstate #UrbanLiving #InvestmentOpportunities #FutureOfCities -------- 🗺️🏗️🏫🏪🏭🏬🏣🏢🏘️🏦 👋 I am Trevor Soon, 🏆 Top Real Estate Voice & Top 5% Realtor. 👨💼 Senior Leader Connecting Developers, Professionals & Investors for Growth. 💡 Empowering Real Estate Investment with Emotional Resilience. 🤝 Let's connect and explore how we can win together!

Exciting News in Singapore's Real Estate Market! 🏡✨ 🌟 Wing Tai Holdings Leads the Way! The recent tender for the 99-year leasehold private residential site at River Valley Green (Parcel A) has brought some intriguing developments. With a prime location near Great World City, this site attracted a top bid of $1,325 psf ppr from Wing Tai Holdings, demonstrating their strategic vision and confidence in Singapore's property market. 📊 Market Dynamics at Play Amid high interest rates, cooling measures, and economic uncertainties, developers are navigating the landscape with caution. The cautious bidding seen in this tender, 12.5% lower than a similar site in 2020, highlights the strategic adjustments being made to ensure sustainable growth and profitability. 🚇 Prime Location, Promising Future Located next to the Great World MRT station, this site is poised to deliver approximately 380 residential units. The connectivity and convenience offered by this location are set to make it a desirable address for future homeowners, reflecting the continued demand for well-located, quality housing in Singapore. 🏢 Changing Trends in Real Estate Interestingly, a site at Upper Thomson Road did not receive any bids, indicating the industry's careful approach towards untested models like long-stay serviced apartments and the importance of location and competitive landscape in decision-making. 🔮 Looking Ahead: Opportunities and Insights The evolving real estate market in Singapore presents both challenges and opportunities. As developers continue to adapt, the focus remains on strategic investments and sustainable growth. What are your thoughts on the future trends in Singapore’s real estate market? How do you see developers balancing caution with opportunity in such a dynamic environment? 🏙️💡 #SingaporeRealEstate #PropertyInvestment #UrbanDevelopment #MarketTrends #FutureOfHousing https://lnkd.in/gyHHqKPr 🗺️🏗️🏫🏪🏭🏬🏣🏢🏘️🏦 👋 I am Trevor Soon, 🏆 Top Real Estate Voice & Top 5% Realtor. 👨💼 Senior Leader Connecting Developers, Professionals & Investors for Growth. 💡 Empowering Real Estate Investment with Emotional Resilience. 🤝 Let's connect and explore how we can win together!

Exciting News in Singapore's Real Estate Market! 🏡✨ 🌟 Wing Tai Holdings Leads the Way! The recent tender for the 99-year leasehold private residential site at River Valley Green (Parcel A) has brought some intriguing developments. With a prime location near Great World City, this site attracted a top bid of $1,325 psf ppr from Wing Tai Holdings, demonstrating their strategic vision and confidence in Singapore's property market. 📊 Market Dynamics at Play Amid high interest rates, cooling measures, and economic uncertainties, developers are navigating the landscape with caution. The cautious bidding seen in this tender, 12.5% lower than a similar site in 2020, highlights the strategic adjustments being made to ensure sustainable growth and profitability. 🚇 Prime Location, Promising Future Located next to the Great World MRT station, this site is poised to deliver approximately 380 residential units. The connectivity and convenience offered by this location are set to make it a desirable address for future homeowners, reflecting the continued demand for well-located, quality housing in Singapore. 🏢 Changing Trends in Real Estate Interestingly, a site at Upper Thomson Road did not receive any bids, indicating the industry's careful approach towards untested models like long-stay serviced apartments and the importance of location and competitive landscape in decision-making. 🔮 Looking Ahead: Opportunities and Insights The evolving real estate market in Singapore presents both challenges and opportunities. As developers continue to adapt, the focus remains on strategic investments and sustainable growth. What are your thoughts on the future trends in Singapore’s real estate market? How do you see developers balancing caution with opportunity in such a dynamic environment? 🏙️💡 #SingaporeRealEstate #PropertyInvestment #UrbanDevelopment #MarketTrends #FutureOfHousing https://lnkd.in/gyHHqKPr 🗺️🏗️🏫🏪🏭🏬🏣🏢🏘️🏦 👋 I am Trevor Soon, 🏆 Top Real Estate Voice & Top 5% Realtor. 👨💼 Senior Leader Connecting Developers, Professionals & Investors for Growth. 💡 Empowering Real Estate Investment with Emotional Resilience. 🤝 Let's connect and explore how we can win together!

Asia's top 4 up-and-coming rental markets that may be challenging traditional property hubs Singapore and Hong Kong are generally considered Asia's more vibrant real estate markets. But some up-and-coming cities are giving these traditional hubs a run for their money, with some even beating them on rental yields. Among the known, established property markets, Hong Kong was the only one to make it to the top five in a list dominated by lesser-known cities, according to a recent report by realty services firm JLL. "We remain bullish longer-term on more established markets like Hong Kong, but primarily we see more conspicuous rental growth in some of the region's more developing markets including Ho Chi Minh City, Jakarta, Bangkok and Manila," JLL Asia-Pacific Chief Research Officer Roddy Allan told CNBC #jll #hongkong #singapore #rentalyield #nextrealtor #cnbc