Property prospects mixed amidst rising supply

The office market will see a higher supply with a pipeline of 4.76 million square feet.

Overall property demand in Singapore will likely improve in 2024, although higher supply in markets like residential and office may “crimp rental prospects,” said Cushman & Wakefield.

The pipeline supply for the office market is 4.7 million square feet, whilst the residential market will see the addition of 12,520 units.

Commenting on the office market, C&W said rents for CBD Grade A offices will remain on an uptrend.

Deals in the market, however, remain challenging to transact due to negative cash on cash returns, which is likely to persist, said C&W.

In the residential space, C&W sees long-term capital gains “as the price gap between suburban and luxury condos has been shrinking in recent years.”

Follow the link for more news on

Cushman and Wakefield

Chart of the Day

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia