Singapore

Nearly 400,000 private homes were available in Singapore as of Q1.

This is despite the strong 7.2% rental growth seen in Q1.

Find out how a machine learning algorithm forecasts rents till 2028.

It costs USD86 per sq ft to fit out a basic hybrid office in Singapore.

Singapore’s real estate sector will soon see a tightening of its customer and transaction due diligence requirements. From 28 June 2023, property developers will need to implement enhanced measures to prevent money laundering and terrorism financing. This will include the requirement to conduct customer due diligence (CDD) checks on new and existing property purchasers.

The vacancy rate grew 1.7ppts to 7.4% in Q1.

There’s increasing demand, yet the stock of shadow spaces is also growing.

Overall CBD Grade A rents inched up 0.2% to S$9.59 psf in Q1.

Sales were up 34% from the previous year, thanks to two new project launches.

Emerging Destinations and Shifting Rankings Marked Q1's Most Active Metros. 

Singapore’s healthcare reform begins in July 2023.

And resale prices could climb by up to 8%.

It’s currently at about 64% of the selling price.

Resale prices rose 1% in Q1 2023.

Rents grew 2.7% q-o-q and 26.7% y-o-y.

Flats in Bishan were sold at an average price of S$744,557.