Savills
Savills is one of the world's leading property advisors with 39,000 experts working across 600 offices in the Americas, Europe, Asia Pacific, Africa and the Middle East.
How realtors dealt with the new realities of the real estate market
An expert from Savills said the market has become increasingly international in its outlook.
How realtors dealt with the new realities of the real estate market
An expert from Savills said the market has become increasingly international in its outlook.
Singapore's most notable real estate agents under 40
Women took the lead in this year's list, taking 11 spots.
999-year-old pair of shophouses in Ann Siang Hill for sale at guide price $33.8m
The two can be sold individually or collectively.
Why did leasing volume for private homes in CCR decline?
There is a scarcity of supply for wealthy expatriates.
For the third consecutive quarter, Savills said the leasing volume of private residential assets dropped by 8.7% to 20,751 transactions in the second quarter this year.
Savills said the leasing volume in the core central region (CCR) went down because of lack of accommodation for rich foreigners.
“Consequently, without their preferred accommodation, some have rescheduled their relocation here or temporarily living in serviced apartments/hotels while their families are waiting overseas,” said Savills in its 2022 report.
This trend is still happening in the third quarter of 2022, Savills also said.
“From the top down, this has a pneumatic effect on forcing up rents across the rental chain. However, stocks are also limited in those regions, but not in such short supply as those in the luxury range,” the property expert said.
Rents for high-end non-landed private residential units rise at fastest pace since 2014
In Q2, rents rose to $4.79 psf.
Some F&B operators, retailers unfazed by rising rents: Savills
It sees retail rents in Prime Orchard up by 3% year-on-year.
Rare 6-storey CBD shophouse in Boat Quay on sale for $45 million
It will be sold through an Expression of Interest exercise.
52 Boat Quay, a rare six-storey CBD shophouse located in the Boat Quay district, was launched for sale with a guide price of $45 million.
Its marketing agent, Savills, said the sale will be conducted via an expression of interest (EOI) exercise closing on 7 October, at 3 p.m.
According to Savills, 52 Boat Quay is the tallest of all the conservation shophouses situated along the Singapore River. Surrounding the property are office buildings like CapitaSpring, UOB Plaza1 and 2, One George Street, OCBC Centre and One Raffles Place.
Over 1.6 million sq ft to be added to retail space inventory by 2030
Of the upcoming supply, 392,000 sq feet will be completed in the second half of 2022.
Locals, permanent residents’ income hike to impact private homes prices: Savills
A study showed that Singaporean’s salaries will increase 3.5% in 2022.
Chart of the day: Private residential launches picks up in Q2
However, this was still lower than the launches in same period in 2021.
Jalan Besar freehold coffeeshop up for sale with $28m guide price
The property is located at Hoa Nam Building.
Chart of the day: Leasing volume for factory, warehouses down 10.4% in Q2
It ended the seven consecutive quarters of increase since 2020.
Trendale Tower for sale with $178m guide price
Tender closes on 13 September at 3PM.
One Clapham Junction open for sale: Savills
The launch event is from 13 to 14 August.
CBD Grade A office rents demand up by 0.4% in Q2 22
Net demand for offices amounted to 136,00 square feet.
Shophouse along Craig Road on sale for $12m: Savills
It will be sold via expression of interest until 31 August.
The Beaumont relaunched for sale for $468m
The property will be sold via public tender.
Read Here
Advertise
Sign Up
