News

Economy

Staff Reporter

, Singapore

Published:

1 year ago

553 views

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Singapore to align with global growth in 2025, driven by sustainability trends

Singapore led regional growth in 2024, with institutional investment soaring 74% YoY.

Singapore will parallel global growth with sustainability, lifestyle and AI trends to further impact the office, retail and industrial sectors in 2025.

In its report, Savills said Singapore led regional growth in 2024, with institutional investment soaring 74% YoY, the highest among key markets.

Grade A office markets in Singapore are expected to favor tenants in 2025, with leasing demand driven by professional services, technology, and finance sectors.

The residential market is buoyed by a 39.5% rise in HDB resale prices since 2020 and a pipeline of 46,365 private units, with rents projected to grow 0%-7% in 2025.

Meanwhile, retail is benefiting from recovering tourism, with visitor numbers nearing pre-pandemic levels and spending projected at $27.5b to $29b.

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