Market News
Net demand for Singapore office space doubles in Q3 as central region rents rise 0.8%
A 775,000 sq ft withdrawal of stock also helps push islandwide vacancy rate down to 10%
Home sales set to recover in Q4 with prices seen rising further on new launch momentum
Residential prices rise 1.4% in Q3 with slowdown in sales; analysts forecast full-year price growth of 3% to 5%
Tuan Sing to buy Westgate Tower in Jurong for S$600 million
The 20-storey office building has 90% committed occupancy across 305,000 sq ft of net lettable area
US mortgage rates decline for first time in 9 weeks to 7.32%
However, borrowing costs remains close to their highest levels since November 2023
Knight Frank’s Tan Tee Khoon leaves firm, Nicholas Keong takes over auction business
Keong will continue to oversee the prime residential sales and leasing, and private office businesses
Take-up of new private homes dives 45% in Q3 as prices accelerate with 1.4% rise
Developers sell 1,183 new private homes in the quarter, while stock of completed private residential units is up
Office rents in Singapore’s central region rise 0.8% in Q3 over Q2, URA data shows
Islandwide vacancy falls to 10% as at end-Q3 from 11% as at end-Q2 on 72,000 sq m shrinkage in office stock
Easy to rent out, hard to sell: Are buyers losing interest in Singapore’s one-bedroom condos?
Lower entry prices and rental yields support demand, but exit prospects depend on location, layout and pricing
Evergrande liquidators plan first payout to creditors next year; less than 1% recovered
Many of Evergrande’s assets have been difficult to sell
AI-related demand powers prices, rents of Singapore industrial space in Q3
Around 300,000 sq m of new space can be completed in Q4, says JTC
FCT posts 2.6% higher H2 DPU to hit new full-year record payout
Revenue is up 8.7% at S$223 million for the half-year, from S$205.2 million before
FCT, NLB to turn Causeway Point’s former cinema space into reading hub in mall revamp
An asset enhancement initiative is slated to start in Q2 2027 and be completed by end-2029
LHN expands into eldercare with senior living concept Jubiliv
The offering is starting with five units, with plans for a standalone facility in the pipeline
Pek Chuan Building in Lavender Street to be sold for S$80.7 million
The price tag translates to a land rate of S$1,124 psf ppr on land area of 28,700 sq ft
US single-family housing starts drop 4.6% to 859,000 in September
Building permits decrease 4% to a rate of 845,000 units, the lowest level since March 2023
Tiffany Japan building faces 30% price cut as debt costs rise
The owner of the property has struggled to find interested buyers for several months with an asking price of 120 billion yen
MTR bets US$5 billion on a Hong Kong city that doesn’t exist yet
The railway builder is inverting its profit model to build the Northern Metropolis lines
Keppel Reit to buy 51% stake in Keppel South Central for S$610.9 million
Trust will have a guaranteed monthly income of S$2.23 million from the property for up to five years
London home sellers boost asking prices again after tough year
The capital has been the UK’s worst-performing housing market this year
Thailand targets US$417 million of land in foreign buyer crackdown
Foreigners are not allowed to own land in Thailand, but some use Thai nominees to circumvent restrictions
En bloc sales of old condos: Offer affected owners ABSD concessions when buying replacement homes
Lower consent thresholds can help in ageing developments’ collective sales, but owners may need more sweeteners
China home price slump eases, fuelling hopes for market recovery
2027 is set to be a ‘pivotal year for a home price recovery in core cities’, says analyst
Far East Organization’s The Serra Residences sells less than a quarter of units released at average S$3,460 psf
Thomson Reserve draws record turnout of 11,800 visitors at its preview weekend ahead of its sales launch on Oct 31
Australian home auctions decline as rate hikes dampen activity
Preliminary clearance rate for the spring season so far of 52% is below the winter average of 52.3%