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Singapore MarketBeat Reports

Xian Yang Wong • 04/01/2024

Office MarketBeat:  CBD Grade A office rents expanded in Q4 2023 amidst persistent flight to quality and lower vacancies. For 2023, CBD Grade A office net demand chalked up less than a third of the level in 2022, due to softer office demand amid the economic slowdown and ongoing CapEx constraints.

Industrial MarketBeat:  Rental movements were flat for most property types in Q4 2023. For the whole of 2023, the industrial market rents have largely been on an uptrend given limited supply and resilient demand from new economy sectors. Rental growth is anticipated to moderate going forward this year.

Retail MarketBeat:  Islandwide prime retail rents continued to ascend in 2023, underpinned by both demand-led and cost-push factors. While the overall prime retail rents are foreseen to edge up this year, the rental growth in Orchard is expected to consistently surpass and outperform other submarkets.

Capital Markets MarketBeat: Total investment volumes slowed down in Q4 2023 given smaller Government Land Sales sites sold. Transactions had nonetheless started to pick up in H2 2023 as interest rate concerns receded. With current investment momentum, total investment sales this year could exceed $25 billion.

 

Learn more by downloading our latest Singapore MarketBeat reports below.

CURRENT MARKETBEATS

Office Buildings CBD
MarketBeat

Office MarketBeat Report

CBD Grade A office rents expanded in Q4 2023 amidst persistent flight to quality and lower vacancies.
Xian Yang Wong • 04/01/2024
Warehouse Internal Rack
MarketBeat

Industrial MarketBeat Report

Rental movements were flat for most property types in Q4 2023.
Xian Yang Wong • 04/01/2024
Shopping Retail
MarketBeat

Retail MarketBeat Report

Islandwide prime retail rents continued to ascend in 2023, underpinned by both demand-led and cost-push factors.
Xian Yang Wong • 04/01/2024
Warehouse Internal Rack
MarketBeat • Investment / Capital Markets

Investment MarketBeat Report

Total investment volumes slowed down in Q4 2023 given smaller Government Land Sales sites sold.
Xian Yang Wong • 04/01/2024

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