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Singapore MarketBeat Reports

Xian Yang Wong • 19/01/2023

Office:  Notwithstanding the vacancy rate that rose in Q4 2022, CBD Grade A office rents continued to climb in the quarter, driven by higher grade office developments due to the ongoing flight to quality. However, this rental uptrend might abate amidst a weakening global economy and a slowdown in tech demand. 

Industrial:  Rents across most industrial asset classes stayed stable in Q4 2022, except for business park and high-tech spaces that rose. For the whole of 2022, prime logistics outperformed. Although a weaker economic outlook and sharp rent increases in prior years are expected to lead to slower rental growth in 2023. 

Retail:  Islandwide prime retail rents continued to climb in Q4 2022 as footfall recovers with a comeback of roadshows and events. For the whole of 2022, the growth in Orchard prime retail rents outpaced other areas. Prime rental growths across the key retail submarkets should persist for 2023, albeit at a slower pace.

Investment:  Total investment volumes rose in Q4 2022, led by the commercial sector. Despite a slowdown in investment activities, investment sales for the whole of 2022 reached a three-year high. Investment sales volume could recover towards end-2023 with potentially more clarity on interest rate trajectory.

Learn more by clicking our most recent Singapore MarketBeat reports below.

CURRENT MARKETBEATS

Office Buildings CBD
MarketBeat • Insights

Office MarketBeat Report

Notwithstanding the vacancy rate that rose to 4.5% in Q4 2022 from 3.6% in Q3 2022, CBD Grade A office rents continued to climb 0.8% q-o-q in Q4 2022 driven by higher grade office developments amidst the ongoing flight to quality. 
Xian Yang Wong • 17/01/2023
Shopping Retail
MarketBeat • Insights

Retail MarketBeat Report

Fueled by the release of pent-up demand from consumers and returning tourists, total retail sales grew 11.6% as of November 2022 YTD and exceeded the pre-pandemic (Jan-Nov 2019) retail sales level by 5.7%.
Xian Yang Wong • 17/01/2023
Warehouse Internal Rack
MarketBeat • Insights

Investment MarketBeat Report

Q4 2022 GDP growth slowed to 2.2% yoy, as compared to 4.2% yoy growth in the prior quarter.
Xian Yang Wong • 17/01/2023
Warehouse Internal Rack
MarketBeat • Insights

Industrial MarketBeat Report

Q4 2022 GDP growth slowed to 2.2% yoy, as compared to 4.2% yoy growth in the prior quarter.
Xian Yang Wong • 16/01/2023

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