2022 private property rental at its peak since 2013
According to URA, private property rental in the industry were 23.9% higher in the July to September 2022 quarter compared to 2021.
Singapore property investment transaction wrapped 2022 at a stronger note though sales dropped in Q4
Singapore property investment slowed down in the fourth quarter but altogether the transaction in 2022 was 20.4% higher than 2021.
Luxury condominiums average prices dips 7% in 2022
Due to the absence of new luxury condominiums project debuts in 2022, there were fewer penthouse deals than in 2021 dipping its sales.
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.
Outlook in 2023: Property investment in Singapore
Property investment in Singapore has a healthy outlook but year-on-year growth is expected to decline to 2.5% in 2023 from 3.5% in 2022.
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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.