{"id":35156,"date":"2016-11-21T16:01:03","date_gmt":"2016-11-21T09:01:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-slips-in-ranks-of-real-estate-investment-favourites\/"},"modified":"2016-11-21T16:13:53","modified_gmt":"2016-11-21T09:13:53","slug":"singapore-slips-in-ranks-of-real-estate-investment-favourites","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-slips-in-ranks-of-real-estate-investment-favourites\/","title":{"rendered":"Singapore slips in ranks of real estate investment favourites"},"content":{"rendered":"


\nCore assets such as office spaces in Singapore\u2019s CBD are favoured by investors and institutions, but yields and returns have declined on the back of a weaker macroeconomic outlook.\u00a0
\nSingapore fell 10 places for city investment prospects, dropping to 21 from its 11th spot a year ago, a report authored by the Urban Land Institute (ULI) and Price Waterhouse Coopers (PWC), revealed. As recently as 2012, Singapore had topped the ranks of real estate investment favourites.
\n\u201cSingapore\u2019s low ranking in this year\u2019s report has been attributed to various factors including overcapacity in office space, falling retail sales and a residential market correction\u201d said Dr Seek Ngee Huat, Chairman of ULI Asia Pacific and Chairman, Global Logistic Properties.
\nAmidst a market slowed by cooling measures and a weaker economic outlook, the Urban Redevelopment Authority\u2019s (URA) price index for Singapore\u2019s private residential market slid 1.5 percent to 137.9 in in the third quarter of this year, its 12th consecutive quarter of decline. Meanwhile, retail sales fell 1.9 percent year-on-year (YOY) in September over 2015\u2019s numbers.
\n\u201cHowever, the report findings indicate that investors still believe in the long term fundamentals of Singapore and are on the look out for investment opportunities,\u201d Dr Seek continued.
\n\u201cFocusing on the positive, we could be close to the bottom of the cycle and we are seeing opportunities to invest. I hope, given the uncertainties in local and global economy, there will be an increase in transactions across asset classes over the next twelve months,\u201d said Yeo Chee Keong, Real Estate and Hospitality leader for PwC Singapore.
\nWhile a weaker core market in Singapore has made assets in the city state more attractive, the report suggests that prices have yet to fall enough to attract serious buyers. However, Chinese investors are rumoured to be looking in Singapore, and may be early buyers as they are relatively less price sensitive.
\nTopping the list of investment prospects this year are Bangalore, Mumbai, Manila, Ho Chi Minh City and Shenzhen. The rise of these cities in emerging market is part of a trend where investors, both institutional and private, are finding it hard to source for core, high value assets, even as yields and returns continue to decline.
\nThe report Emerging Trends in in Real Estate Asia Pacific 2017 is authored annually by ULI and PwC, and solicits the opinions of 604 real estate professionals, including investors, developers, property company representatives, lenders, brokers and consultants.
\nThis article was written by Chang Hui Chew.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore slips in ranks of real estate investment favourites<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Core assets such as office spaces in Singapore\u2019s CBD are favoured by investors and institutions,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-35156","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-992","jetpack-related-posts":[{"id":35784,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-november-2016\/","url_meta":{"origin":35156,"position":0},"title":"News Roundup (November 2016)","date":"November 25, 2016","format":false,"excerpt":"\r Oversupply in office spaces, falling retail rents and corrections in the residential market are taking a hit on Singapore\u2019s real estate investment prospects. \u00a0 Our top Singapore and regional property stories. 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