Tim Alpe’s Post

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

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  

The real estate market in Asia is gearing up for a dynamic second half of 2024, stirring diverse sentiments across residential, commercial, and hospitality sectors. Guidepoint Insights is actively tracking and analyzing major APAC markets including Japan, Tier 1 cities in China, Hong Kong, and Singapore. How might these market dynamics impact your strategic investment decisions? Learn more: https://lnkd.in/eG2_iaN9 #realestate #apacproperty #marketrebound

The real estate market in Asia is gearing up for a dynamic second half of 2024, stirring diverse sentiments across residential, commercial, and hospitality sectors. Guidepoint Insights is actively tracking and analyzing major APAC markets including Japan, Tier 1 cities in China, Hong Kong, and Singapore. How might these market dynamics impact your strategic investment decisions? Learn more: https://lnkd.in/eG2_iaN9 #realestate #apacproperty #marketrebound

The real estate market in Asia is gearing up for a dynamic second half of 2024, stirring diverse sentiments across residential, commercial, and hospitality sectors. Guidepoint Insights is actively tracking and analyzing major APAC markets including Japan, Tier 1 cities in China, Hong Kong, and Singapore. How might these market dynamics impact your strategic investment decisions? Learn more: https://lnkd.in/eG2_iaN9 #realestate #apacproperty #marketrebound

The real estate market in Asia is gearing up for a dynamic second half of 2024, stirring diverse sentiments across residential, commercial, and hospitality sectors. Guidepoint Insights is actively tracking and analyzing major APAC markets including Japan, Tier 1 cities in China, Hong Kong, and Singapore. How might these market dynamics impact your strategic investment decisions? Learn more: https://lnkd.in/eG2_iaN9 #realestate #apacproperty #marketrebound

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 look at the situation of #Changi #Business Park, which, unlike the rest of Singapore's thriving business areas, is rapidly emptying out. This trend underscores the challenges and unpredictability in CRE and highlights the critical need for adaptive asset management in responding to market shifts. It’s crucial to anticipate and mitigate such risks by diversifying tenant profiles and enhancing an assets value proposition. Flexible leasing terms and targeted marketing can attract a broader range of businesses, ensuring resilience and sustained occupancy. #AssetManagement #CommercialRealEstate #MarketAdaptation #Singapore

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 shared that Singapore’s real estate investment transaction value in the first quarter fell 23.8% quarter-on-quarter (QoQ) to S$4.13 billion. Main causes for the drop were the absence of mega deals and a dull market for strata-titled commercial units and shophouses. However, investment sales in the retail and hospitality property sectors have regained strength and contributed significantly to the total number in the quarter.   Jeremy Lake, Managing Director, Investment Sales & Capital Markets at Savills Singapore says, “The investment market is reviving, and buyers and sellers are returning to the marketplace with earnest intentions. Suburban retail and also hospitality properties have been “flavour of the month” and this trend is likely to continue for the foreseeable future with a number of deals in the pipeline. Once interest rates start to fall, the number of the investment deals is likely to increase.”   Alan Cheong (GradStat), Executive Director, Research & Consultancy, Savills Singapore adds, “A rate cut in the US would be welcome news to our real estate market here, especially the institutional grade income-producing stock. What we will see transpiring locally is that borrowing costs may decline throughout the course of this year and perhaps into the next. Although borrowing costs are expected to dip, the overall number of commercial deals and the size of deals are still likely to remain below pre-pandemic levels. We maintain our forecast of S$22 to S$23 billion of total investment sales this year.”   Get the insights here: http://sav.li/97f   #savillssg #savillsresearch #Q1Investment #Singapore #investmentsales #capitalmarkets #Q1 Hui Yee Yap 叶慧宜 Sophia Lim 洪慧珊 Dayna Ang Nick Chan, CFA, CAIA Wen Fang Tai Zhen Zeng