Knight Frank
Founded in 1896 and headquartered in London, UK, Knight Frank is one of the world's leading independent real estate consultancies.
See below for the Latest Knight Frank News, Analysis, Profit Results, Share Price Information, and Commentary.
Diving deep into APAC’s leading wealth hub: Singapore
Ultra rich families are driving the luxury residential market.
Two adjoining Gentle Road properties sell for $30.9m
Pinnacle Projects won the tender for the properties.
Third Avenue Good Class Bungalow sold for $26.5m
The property spans 14,576 sq ft with a total gfa of approximately 10,000 sq ft.
Prime residential prices decline 2.6% QoQ in 3Q23
Knight Frank attributed the price declines to stamp duties on foreign buyers.
High-specification warehouse in Pandan Road up for sale via EOI
The property's floor area spans 126,800 sq ft.
GLS tenders seeing lower participation rate, but higher bids: experts
In the recent tender, the highest bid price was $1,360 psf ppr for the Lorong 1 Toa Payoh site.
Singapore nabs US' spot as largest investor in APAC real estate
Investors injected almost US$8.5b into APAC real estate.
Prime retail rents to increase between 3% to 5% in 2023
In 3Q23, the average gross rent of prime spaces island-wide rose 4.3% YoY to $26.70 psf pm.
Industrial landlords may have to lower rents as supply outweighs demand – expert
There is an average annual supply of 1.0 million sqm coming onstream between 2024 to 2026.
Industrial sales drop 16.4% QoQ to 381 deals in 3Q23
Sales value likewise fell, dropping 13.9% QoQ to $922.7m.
Why international firms continued to locate offices in Singapore
This supported the increase in occupancy and rent of prime-grade offices.
Prime Grade office rents were not deterred by the slowing economy: expert
Office rents in Raffles Place/Marina Bay grew 0.8% QoQ and 5.1% YoY.
Prices of new private residential to say muted in 4Q23
Real estate experts forecast a 3% full-year private home price growth.
2 freehold Gentle Road properties are up for sale
The properties have a starting price of $30m.
Gap in expectations between owners and developers hamper sales in the en-bloc market
In July, Wing Tai’s subsidiary withdrew from the sale of Holland Tower for $76.3m.
Property investment market activity to remain muted for the rest of 2023
Knight Frank expects total investment sales for 2023 to reach around $18b-$20b.
Commentary
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