Knight Frank

Jalan Tembusu, meanwhile, saw a strong performance due to the opportunity present in the area.

Prime office rents rose 1.5% QoQ in the fourth quarter of 2021.

The expansion will support rent and price increases of between 3% to 5%.

The collective sale market gained momentum in Q4, Knight Frank says.

Analysts said there are three factors that drove the price growth.

Prices of private residential properties rose by 1.1% in Q3, marking the sixth consecutive quarter of growth.

This percentage represents the 150 total listings.

Despite this, KF pegs their estimated total sales for the year at 13,000 units.

Retail sector has experienced the “most disruptions” with the changing restrictions.

Prices only grew by a marginal 0.5% (q-o-q) amid heightened alert in Singapore.

Singapore PMI recorded an expansion of 50.8.

The bulk of investment volume is driven by the sale of four GSL sites.

Occupancy rates remained stable during this period.

The 2021 private homes sales volume is poised to surpass the 20,909 sold in 2020.

It showed hopeful signs when prime offices occupancy rate increased for the first time since the pandemic to 94.3% in Q2, Knight Frank says.

4 in 10, meanwhile, will push through with their plans to look for new places this year.