{"id":72635,"date":"2017-11-23T10:34:08","date_gmt":"2017-11-23T03:34:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-listed-one-of-asia-pacifics-top-real-estate-investment-markets\/"},"modified":"2017-11-23T11:02:52","modified_gmt":"2017-11-23T04:02:52","slug":"singapore-listed-one-of-asia-pacifics-top-real-estate-investment-markets","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-listed-one-of-asia-pacifics-top-real-estate-investment-markets\/","title":{"rendered":"Singapore listed one of Asia Pacific\u2019s top real estate investment markets"},"content":{"rendered":"


\nAfter two years of falling rents caused by a glut of supply and a sluggish economy, the promise of a bottom in the city-state\u2019s office market pushed its ranking up from next-to-bottom last year to third in this year\u2019s Emerging Trends in Real Estate Asia Pacific 2018 report.
\n\u201cThis position is reassuring for Singapore\u2019s investment prospects, given that we have major projects in the pipeline to transform our city, such as the development of Jurong Lake District as an exciting second Central Business District, and the doubling of capacities of both our air and sea ports,\u201d said Khoo Teng Chye, Chairman of the Urban Land Institute (ULI) Singapore, and Executive Director at Centre for Liveable Cities.
\nJointly published by PwC and ULI, the report noted that office rents in Singapore firmed earlier than expected, while the completion of Asia Pacific\u2019s biggest office deal in September 2017 galvanized the local market as well as set a floor for valuations. A number of core office transactions have also taken place this year, with foreign funds buying actively.
\nThe residential sector also showed signs of recovery, with increasing transactions and a slight improvement in pricing. Sales of developer sites soared amid tightening supply as developers look to replenish their land banks.
\n\u201cThe rebound seems likely to be sustainable, given several years of pent-up consumer demand. The Chinese developers have also been active in buying land, pushing up land auction prices for residential sites significantly through 2017,\u201d noted the report, which is based on the opinions of over 600 real estate professionals, including developers, investors, lenders, property company representatives, brokers and consultants.
\nHowever, other respondents believe that talk of a bottoming in the office market is premature.
\n\u201cSingapore\u2019s still in a difficult place. They don\u2019t have a lot of business confidence, there\u2019s quite a lot of supply and not a huge amount of expansion,\u201d said a fund-manager active in the market.
\n\u201cIt\u2019s challenging to bring foreign workers in because the government has responded to local concerns to protect jobs, and at the same time, a lot of the European banks are downsizing, which hits demand for space. I don\u2019t want to be negative, but we\u2019re not seeing a big pipeline of deals that interest us.\u201d
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore listed one of Asia Pacific\u2019s top real estate investment markets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

After two years of falling rents caused by a glut of supply and a sluggish...<\/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-72635","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-iTx","jetpack-related-posts":[{"id":35156,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-slips-in-ranks-of-real-estate-investment-favourites\/","url_meta":{"origin":72635,"position":0},"title":"Singapore slips in ranks of real estate investment favourites","date":"November 21, 2016","format":false,"excerpt":"\r Core 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 Singapore fell 10 places for city investment prospects, dropping to 21 from its 11th spot a year ago, a report\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35784,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-november-2016\/","url_meta":{"origin":72635,"position":1},"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. Singapore slips in ranks of real estate investment favourites Singapore fell 10 places for city investment prospects, dropping\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/11\/HDB-launches-e1479969876377-1024x502.jpg?fit=1024%2C502&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":51102,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/global-real-estate-experts-heading-to-summit-in-singapore\/","url_meta":{"origin":72635,"position":2},"title":"Global real estate experts heading to summit in Singapore","date":"April 6, 2017","format":false,"excerpt":"\r National Development Minister Lawrence Wong will deliver a keynote address at the ULI Asia Pacific Summit, which takes place in June. (Photo: Wikimedia Commons) A global line-up of real estate experts will be headlining a major real estate forum from 6 to 8 June at The Fullerton Hotel Singapore.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108682,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ong-choon-fah-named-new-chair-of-uli-singapore\/","url_meta":{"origin":72635,"position":3},"title":"Ong Choon Fah named new chair of ULI Singapore","date":"July 3, 2019","format":false,"excerpt":"\r Ong Choon Fah, current CEO and head of research & consulting at Edmund Tie & Company, has been appointed as the new chair of Singapore for the Urban Land Institute (ULI). She succeeds Khoo Teng Chye, executive director for the Centre for Liveable Cities (CLC), Ministry of National Development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119982,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-ranked-second-preferred-city-for-cross-border-investments\/","url_meta":{"origin":72635,"position":4},"title":"Singapore ranked second preferred city for cross-border investments","date":"January 21, 2021","format":false,"excerpt":"\r Singapore ranked second preferred city for cross-border investmentsAside from being an important hub for foreign corporations eyeing to access Southeast Asia, Singapore is also emerging as a viable alternative to Hong Kong SAR among firms establishing Asia Pacific headquarters. Singapore is listed as the second most preferred city for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/singapore-marina.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":112330,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-overtakes-hong-kong-in-terms-of-property-investment-prospects\/","url_meta":{"origin":72635,"position":5},"title":"Singapore overtakes Hong Kong in terms of property investment prospects","date":"November 13, 2019","format":false,"excerpt":"\r Singapore now has the best investment prospects in the Asia Pacific region, benefiting from the unrest in Hong Kong.\u00a0 The fortunes of Singapore and Hong Kong \u2013 two of Asia\u2019s hottest property markets \u2013 are going in different directions, reported Bloomberg citing Urban Land Institute and PricewaterhouseCoopers LLP. Singapore\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/72635"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=72635"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/72635\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=72635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=72635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=72635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}