Chart of the Day
GCB market stagnates with only 5 sales in 1Q24
GCB market stagnates with only 5 sales in 1Q24
The value of transacted GCBs also fell 10.6% QoQ.
Mortgagee listings fall 29% QoQ to 22 in 1Q24
The residential sector accounted for the majority of the listings
Auction listings drop 9.1% QoQ in 1Q24
There were 90 listings in the first quarter of 2024.
Industrial space rentals climb 1.7% QoQ in 1Q24
Year-on-year, it rose 7.8%.
Expert forecasts continued rise in prime office rents
In 1Q24, Singapore recorded a 3.4% YoY uptick in occupancy cost.
Incoming PM Wong garners broad confidence across all age groups
Gen Zs (41%) and Baby Boomers (43%) hold high expectations for Wong.
2 in 3 Gen Z firms on remote work requirement
The sentiment extends across all age groups.
Support for bans on plastic items strong across various age groups
Most (53%) support banning drinking straws,
Singapore’s 1Q24 deals plummet 21.1% YoY
In the whole of APAC, deal volume declined by 12.2% YoY.
Private home sales struggle, down 5.3% in first quarter
Year-on-year. Sales dropped 3.1%.
Property prospects mixed amidst rising supply
The office market will see a higher supply with a pipeline of 4.76 million square feet.
Stagnant growth plagues Singapore's workspace market
Demand only grew 1% since 2019.
Residential sector dominates 1Q24 investment with $1.79B
The sector's investment sales, however, dropped 48.5% QoQ.
Remote, hybrid work strains manager ties
One in four workers has a poor relationship with their managers.
F&B silver lining in dampened retail leasing market
Leasing sentiment as of 1Q24 is hovering above 40%
Which sector received the most investments in Q124?
Shophouses mainly appealed to high-net-worth investors.
Colliers forecasts slight compression in Singapore's cap rates
Over the past three years, cap rates have remained relatively stable.
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