4 trendy property outlooks to watch in 2023
Here are four important variables that could affect the dynamics of the property outlook in 2023 that you should watch out for.
Singapore real estate market to stay strong
Despite mounting macroeconomic challenges, the Singapore real estate market expects to shine in 2023, holding its resilience.
Despite dwindling stock, residential property price will take a moderate pace
According to Knight Frank report, residential property price will rise moderately this year as property inventories are slowly shrinking.
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Residents are back to work in Beijing and Shanghai as China limps due to Covid
This year, the 25 million residents of China’s commercial centre experienced two months of isolation in an effort to stop illnesses.
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Singapore Property Investment in Shadow Space will increase in the upcoming year
Office leasing activity is anticipated to decline in 2023. However, Singapore property investment in shadow spaces is hot in demand.
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Singapore’s CBD office rental yield will continue to rise
In Singapore, as more employees return to the workplace, the prime office rental yield concludes the year on a high note.
Which hotels are being rebranded in Singapore?
Singapore regular shoppers on Orchard Road would have seen rebranded hotels there in 2022. Which hotels are being rebranded in Singapore?
Conrad will replace Regent Singapore’s name as more hotel owners search for new partners
Since guest preferences are shifting, many hotel owners are forming alliances with new companies to modernize their facilities and offerings.
F&B is one of the areas recovering as Covid-19 dwindles, but obstacles still exist
F&B is one of the attractive Singapore segments in the upcoming years as it slowly recovers from the clasp of the pandemic.
5–10% decline is predicted in Asia-Pacific real estate investment volumes in 2023
After falling by 25% year over year, real estate investments will continue to decrease in volume by 5 to 10% in 2023 according to JLL.