Research

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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...

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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...

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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...

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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...

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Covid-19 Shocks The Market

Covid-19 Shocks The Market

Residential Market Watch Q1 2020 Covid-19 the economic contagion Two waves of contagion were created by Covid-19. The first is a disease-based contagion that threatens human lives as it overwhelms domestic healthcare and social protection systems. The second wave is the adverse effects of Covid-19 on both the economic demand and supply sides that is sweeping through more and more countries. Governments need to respond swiftly with adequate and integrated policies to prevent this outbreak from turning into an even bigger crisis which will affect businesses and livelihoods. In...

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Capitalising On New Projects

Capitalising On New Projects

Residential Market Watch Q4 2019 Mass market prices led the way Private home prices edged up by 0.5% q-o-q in the fourth quarter, based on the movement of the URA price index. This modest upside followed the 1.3% and 1.5% gains in the previous two quarters even though there was a 0.7% decline in Q1 2019. Prices of non-land homes in Q4 2019 were largely supported by mass market transactions, as evidenced by the 2.8% q-o-q increase in the price index for Outside Central Region (OCR). The price index for both the Core Central Region (CCR) and the Rest of Central Region (RCR) post...

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A Good Run For Office Market

A Good Run For Office Market

Commercial Market Watch December 2019 Slowing economy In the first three quarters of 2019, Singapore economy grew by 1.1%, 0.2% and 0.7% when compared to the same period last year. Advanced estimates by the government showed that the economy grew by 0.8% in the final quarter which puts the economy on track for a growth of 0.5% to 1.0% in 2019.  Singapore’s export-oriented economy hit a snag amid the ongoing trade war between the US and China as well as a cyclical downturn in the electronics sector. Firms took a cautious stance as they weighed their decisions...

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Luxury Market Driven By  High-Value Deals

Luxury Market Driven By High-Value Deals

The luxury homes market was not spared from dampened market sentiments brought about by the slowing economy in 2019. Compared to 2018, a lower sales volume of luxury homes was transacted in 2019. While the average price of bungalows in GCB Areas suffered a 9.4% year-on-year decline, prices of luxury apartments rose by 8.5% over the same period, supported by some high-value deals. Foreigners and Permanent residents continued to be the key players in the luxury market.

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Homebuyers Warmed Up To New Launches

Homebuyers Warmed Up To New Launches

Residential Market Watch Q3 2019 Highest new sales in 25 quarters The third quarter of every year usually has a shorter sales period due to the inauspicious Lunar Seventh Month which occurs around the month of August. However, the attributes of new projects and their price points could still optimise the opportunity at hand. In Q3 2019, developers focused the release of new projects in July and September, offering some 15 projects in all. Including new releases from earlier launches, a total of 3,638 new homes were offered for sale, 45% more than the 2,502 new homes launched i...

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Co-Anything: Unleashing The Sharing Economy In Real Estate

Co-Anything: Unleashing The Sharing Economy In Real Estate

‘Co-anything’ – where sharing is the new economy With a sharing economy, we are entering an era of ‘co-anything’. Once thought to be a passing fad or a threat to conventional businesses, the sharing economy is now one of the fastest growing business trends worldwide. It is proving to be increasingly extensive, effective and relevant for individuals and organisations in various industries. According to a 2019 report on the Sharing Economy by PriceWaterhouseCoopers, the five key sharing sectors – travel, car sharing, finance, staffing, music and video streaming – have the poten...

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