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 slowed down in the fourth quarter but altogether the transaction in 2022 was 20.4% higher than 2021.
Due to the absence of new luxury condominiums project debuts in 2022, there were fewer penthouse deals than in 2021 dipping its sales.
Here are four important variables that could affect the dynamics of the property outlook in 2023 that you should watch out for.
Despite mounting macroeconomic challenges, the Singapore real estate market expects to shine in 2023, holding its resilience.
According to Knight Frank report, residential property price will rise moderately this year as property inventories are slowly shrinking.
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.
This year, the 25 million residents of China’s commercial centre experienced two months of isolation in an effort to stop illnesses.
Office leasing activity is anticipated to decline in 2023. However, Singapore property investment in shadow spaces is hot in demand.
In Singapore, as more employees return to the workplace, the prime office rental yield concludes the year on a high note.