Research

Showing page 1 of 4
Come Home to a New Midtown District

Come Home to a New Midtown District

The Makings Of A New Midtown Once a traditional place of business started by early settlers of Singapore, the Beach Road-Bugis district of today is a thriving mix of commercial businesses and lifestyle establishments. The continuous transformation over the years, especially in the past 15 years through the government’s planning initiatives and collaboration with private developers is turning it into a new wing of the downtown financial centre. Beach Road is one of the early roads developed in Singapore during the colonial days of the 1800s. It was originally a coastal road fronting...

Read More
Residential Market Watch Q1 2021

Residential Market Watch Q1 2021

VIGOUR IN RESIDENTIAL MARKET Robust sales fuelled price growth Market sentiments continued to improve with the successful roll-out of the vaccination programme alongside Phase 3 of the reopening of the economy. More employees are allowed to return to the workplace to better support work and business operations.  This renewed confidence was also reflected in the vigour of homebuyers as they drove the new and resale home volumes in Q1 2021. A total of 3,493 new homes were sold, the second highest quarterly volume since Q2 2013; 4,519 resale homes changed hand...

Read More
An Appetite for Luxury

An Appetite for Luxury

Desirable condos capture not only the amenities and features a buyer wants in the home but also the atmosphere and personality the buyer wants in an ideal lifestyle. This is especially true for luxury apartments. Luxury, tends to be a fluid term in real estate. In Singapore, industry players generally adopt the view that a “luxury apartment” must be located in the Core Central Region, of size no less than 1,800 sq ft, priced from $2,500 psf and from $5 mil onwards. That said, it is a given that “luxury” will include the exclusivity of the address, unique architecture, designer finishes an...

Read More
Confidence In Home Ground

Confidence In Home Ground

Residential Market Watch Q4 2020 Burst of Activity The confidence which crept back slowly after the economy reopened in late-June gained speed as the strict enforcement of safe distancing measures help to reduce the community spread. As more new projects were launched, buyers returned with fresh enthusiasm. The burst of activity seen in new projects launched from August onwards helped to push new home sales in H2 2020 to 1.6 times of that in H1 2020 and the price index to rise by 2.9% over the same period. Extraordinary take-up rates were seen at some much-anticip...

Read More
Occupiers Review Space Needs

Occupiers Review Space Needs

Commercial Market Watch H2 2020 Office Market Awaits The Return Of Workforce The office market went through a period of adjustment during the second half of 2020 as the economy and businesses responded to the impact of the Covid-19 pandemic. The most drastic change came during the 2-month circuit breaker (7 April-1 June) when the government enforced the closure of workplaces and employees to work from home (WFH) for business that are less critical to daily living. Even when the government implemented the Phase Two reopening of the economy from 19 June onwards, telecommuting remaine...

Read More
Bungalows: Timeless Luxury

Bungalows: Timeless Luxury

Luxury Homes H2 2020 Luxury bungalows led the way The buoyant mood of the bungalow market in the second half of 2020 resulted in the sale of 31 bungalows in the Good Class Bungalow (GCB) areas and nine bungalows at Sentosa Cove. The sales momentum in first half of 2020 was much slower with 14 deals in the GCB areas and four at Sentosa Cove, largely attributable to the outbreak of the Covid-19 pandemic. In order to prevent the spread of the virus, the government imposed a two-month circuit breaker (7 April to 1 June) during which property viewing and face-to-face meetings among buy...

Read More
Residential Market Bounced Back

Residential Market Bounced Back

Residential Market Watch Q3 2020 Strong demand upheld prices Contrary to market expectations that demand for homes would slow and prices would cool in the midst of a recession hit economy, the Q3 2020 total home sales volume turned out to be the highest since Q2 2018 with the price index edging up for the second consecutive quarter. This shows that there is still liquidity in the market and that investors’ confidence in residential property is returning despite the recession. After the two-month circuit breaker ended on 1 June, the government allowed the economy to reopen in...

Read More
Residential Market Persevered

Residential Market Persevered

Residential Market Watch Q2 2020 Homebuyers remain engaged Defying the odds that the two-month circuit breaker from 7 April to 1 June might cause the residential market to stall in Q2 2020, a very encouraging result of 2,664 transactions and a 0.3% q-o-q rise in prices surprised the market. This could be attributed to genuine purchases by homebuyers with strong financial health. It also shows that the cooling measures put in place by the government in the past years had helped to ensure financial prudence among buyers as well as a sustainable rate of price growth. At...

Read More
Covid-19 Tested Office Market

Covid-19 Tested Office Market

Commercial Market Watch H1 2020 Rise Of Telecommuting The Covid-19 pandemic have led to more than 80% of the Singapore workforce telecommute during the lockdown period. Businesses have made that leap to remote working, setting off a trend that might displace the need for huge office spaces. Even as the lockdown is gradually easing, companies will have to rethink how work desks should be arranged and whether ideas such as hot desking should be continued. As telecommuting becomes more and more acceptable, firms may downsize their footprint within the Central Business District (C...

Read More
Bungalow Sales Bolster Luxury Market

Bungalow Sales Bolster Luxury Market

Luxury Homes H1 2020 Luxury homebuyers tread carefully The COVID-19 pandemic, described as “the crisis of a generation” by PM Lee, disrupted the global economy in a way never seen before. Global economies almost came to a standstill from March to May as most countries shut their borders and imposed lockdown measures on workplaces, schools, malls and F&B outlets in a bid to stop the spread of the coronavirus. In the property market, sales galleries were closed and all property viewings suspended until 1 June. The lockdown has since gradually eased. Some of the l...

Read More