Singapore cap rates remain stable in Q4 2024
In APAC, consumer spending has surged during the Q4 festive season, benefitting the retail sector.
Singapore’s cap rates across sectors have remained stable due to the favourable macroeconomic environment, according to Colliers’ APAC Cap Rates report for Q4 2024.
In APAC, the report found that consumer spending has surged during the Q4 festive season, benefitting the retail sector in various markets, including Auckland, China, Hong Kong, Bangkok, and Bengaluru.
Geographically, Auckland saw the most movement in cap rates last quarter, particularly in the retail and industrial sectors.
Moreover, China and Hong Kong saw increased investment activities and broader participation from investors in Q4 2024.
Hong Kong investors mainly focused on assets under receivership or those being sold at a loss, with active players being well-capitalised cash buyers, end-users, or a mix of both.