Ernestine Siu’s Post

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. These four cities have led the recovery in rental growth in Asia so far this year.

WHAT’S NEW? 🙌 The Singapore real estate market in 2024 is stable but evolving. Residential prices are steady, while the rental market has softened with new supply easing demand pressures. The commercial sector is recovering, particularly in office spaces, driven by tech companies. Foreign investments remain strong, drawn by Singapore's strategic and economic stability, though the market remains dynamic, requiring agility from all stakeholders. Follow me to stay updated! #singapore #realtor #realestate #realestateforlife #homeownrealtor #realestateagent #realestateexpert #homeforsale #listing #virtualtour #referrals #buysell #singaporerealestate #edmundee #edmundeerealtor #propnex #propertynet #brokerage #propertyspecialist #condo #tipsonrealesate #housegoals #investment #starterhome #markettrend

EdgeProp Singapore: Savills reveals that Singapore is ranked 23rd out of 30 cities in prime residential property price growth in its 1H2024 prime residential index. This index measures and ranks the average capital value growth of prime residential properties over the first half of this year. Singapore registered an overall drop of 0.3% in prime residential property prices. It also fell short of the global average price growth of 0.8% recorded in 1H2024. Alan Cheong (GradStat) Cheong, Executive Director of Research and Consultancy at Savills Singapore, says the lack of new prime residential launches for 1H2024 exerted downward pressure on the market. Get the insights here: http://sav.li/bbu #savillssg #1H2024 #primeresidential #capitalvalue #worldcitiesindex #residentialpricegrowth Zhen Zeng Wen Fang Tai

Hong Kong's mid-market property segment is "buzzing" with deal-making activity according to CBRE Asia Pacific, they note that this segment is benefiting from the region's economic resilience and attractive investment opportunities. Like the post shared by Girish Jhunjhnuwala last week whereby SMEs have the ability to contribute to the retail and tourism recovery, it’s crucial to keep an eye on emerging trends in dynamic markets such as #HongKong. CBREs venture with 'Value Properties’ into the mid-market segment offers significant potential for growth and stability, making it a strategic direction for the firm’s advisory & transaction teams and opportunities for investor portfolio diversification. Understanding local market dynamics and investor sentiment can help us navigate and capitalise on these opportunities. #AssetManagement #PropertyInvestment #MarketTrends

Singapore private residential leasing surges 24.4% in Q3 2024 – Savills According to Savills Research, private residential leasing in Singapore surged 24.4% in Q3 2024, led by seasonal factors and corporate relocations, says Alan Cheong (GradStat), Executive Director, Research & Consultancy, Savills Singapore. Savills Research shares that the leasing volume of private residential properties (excluding executive condominiums) climbed 24.4% quarter-on-quarter (QoQ) to 25,731. This is due to seasonal factors such as the school year and corporate relocation cycles, as well as lease expiries and renewals. The number of rental contracts was also 9.9% higher than the 23,422 recorded in the same period in 2023. The QoQ growth in the third quarter was observed across various property types and market segments. Rental contracts for landed properties surged by 46% QoQ, while that for non-landed residential properties rose by 23.2% QoQ. Read more on RETalk Asia: https://lnkd.in/dVyNTuEK The ASEAN Developer COMMO Savills Savills Research & Consultancy, Asia Pacific Savills Singapore Alan Cheong (GradStat) George Tan Marcus Loo #savills #savillsresearch #savillssingapore #singapore #realestate #residentialrealestate #singaporerentals #privateresidential #leasingmarket #q32024 #rentaltrends #propertymarket #realestatenews

Savills Research shares that the leasing volume of private residential units has increased by 3.1% year-on-year. Quarter-on-quarter, the leasing volume has increased further by 1.7% in Q2, following a 5% rise in Q1.   George Tan, Managing Director, Livethere Residential, Savills Singapore says that there’s a marginal optimistic movement in the market with the drop in vacancy rate and completed new stock coming in the market.   Alan Cheong (GradStat), Executive Director, Research & Consultancy, Savills Singapore comments that it is a game of ‘musical chairs’ unfolding in the rental market now.   What’s really behind the increase in Q2? Read more here: http://sav.li/bf3   #q2 #q22024 #privateresidentialleasing #forrent #privateresidential #rents #leasing #residential #condo #nonlanded  George Tan Jocelyn Choong Josephine Sin, GMS Pamela Lai Angela Koh Jasmine Eng Jennifer Ng Fion Wong Eleanor Tan Rowena Teo Walter Teo Joey TEO Anni Kum  

Residential vs. Commercial Real Estate: Navigating the Global Market Thinking of investing in real estate internationally? Whether you choose a cozy house or a towering office building depends on your goals and the specific market. Here's a quick breakdown to guide your journey: Residential vs. Commercial:- =>Residential<= ==>Pros: 1. Potentially Higher Yields: In booming countries like Turkey (avg. 6.1% rental yield) or Thailand (avg. 8.3% rental yield), residential properties can offer attractive returns. 2. Easier Management: For smaller properties, self-management might be feasible, allowing for more control. 3. Steady Demand: Growing populations create a consistent need for residential housing. ==>Cons: 1. Lower Entry Point, Lower Profits: Residential properties often require a smaller investment, but profits may be lower compared to commercial. 2. Vacancy & Repair Risks: Vacancies and unexpected repairs can impact your cash flow. 3. Regulations Vary: Foreign ownership regulations can differ by country, so thorough research is crucial. =>Commercial<= ==>Pros: 1. Potentially Higher Overall Returns: Commercial properties, especially in key business hubs (e.g., Singapore, Hong Kong), can offer substantial returns. 2. Stable Tenants, Longer Leases: Commercial leases are typically longer than residential, leading to more predictable income. 3. Professional Management Options: Property management companies can handle the complexities of commercial properties. ==>Cons: 1. Higher Initial Investment: Commercial properties require significant capital upfront. 2. Greater Market Risk: Economic downturns can heavily impact commercial property values and occupancy rates. 3. Tenant Improvement Costs: Upgrades requested by tenants can add unexpected expenses. ==>Some Top Countries to Consider (General Positioning): 1. High-Yield Residential: Turkey, Thailand, Mexico, Portugal, Indonesia. 2. Established Commercial Hubs: Singapore, Hong Kong, New York City, London, Tokyo. 3. Emerging Markets: Vietnam, Colombia, Poland, India, United Arab Emirates. Remember: This is just a starting point! Comment below with your target investments and returns! Lets connect for your goals and returns. #realestate #investment #global #residential #commercial

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

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

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!