{"id":72675,"date":"2017-11-23T17:00:50","date_gmt":"2017-11-23T10:00:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-trends-in-2018\/"},"modified":"2017-11-23T18:02:54","modified_gmt":"2017-11-23T11:02:54","slug":"property-trends-in-2018","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-trends-in-2018\/","title":{"rendered":"Property trends in 2018"},"content":{"rendered":"


\nView of private apartments in Singapore.
\nHere are some important trends that have been driving Singapore\u2019s real estate market this year, which are expected to continue to shape the industry.
\n1) En bloc frenzy
\nThe collective sales fever\u00a0in Singapore\u00a0is anticipated to continue in\u00a0the\u00a0next few months. According to Cushman & Wakefield Singapore\u2019s research head Christine Li, 18 existing residential projects worth a total of\u00a0$6.34 billion have been purchased by\u00a0real estate\u00a0developers via this method as of 15\u00a0November.
\nThis is already the highest figure in\u00a0a decade, but the overall tally\u00a0for 2017\u00a0is expected to rise\u00a0even\u00a0further as more\u00a0en\u00a0bloc tenders have just been launched. These include\u00a0Pearlbank\u00a0Apartments, which is selling for $728 million,\u00a0as well as\u00a0Parkway Mansion ($138 million), Riviera Point ($75 million) and Derby Court\u00a0($62 million).
\n2) Price\u00a0rebound
\nAside from government statistics\u00a0revealing\u00a0that home prices across the city-state are indeed recovering, the\u00a0PropertyGuru\u00a0Property Index shows that\u00a0asking prices\u00a0of over 200,000 homes listed on\u00a0the website have been rising since bottoming\u00a0out in the first quarter.
\nIn Q3 2017, the index rose\u00a03.2 percent quarter-on-quarter and 1.4 percent on an annual basis\u00a0to\u00a0hit 97.1. This reflects\u00a0growing optimism that developers and homeowners could sell their\u00a0units\u00a0at higher prices.
\n3) PropTech\u00a0revolution
\nProperty developers here are leveraging on new technology not only to expedite construction, but also\u00a0to\u00a0connect end-users across different projects. Another aim is\u00a0to\u00a0transform\u00a0their developments\u00a0into sought-after destinations for visitors.
\nFor instance, developer M+S\u00a0recently launched\u00a0MySphere,\u00a0the first mobile app here that\u00a0links\u00a0businesses, residents and visitors across its two integrated projects \u2013 Marina One in Marina Bay and DUO in\u00a0Bugis.\u00a0
\nBased on a recent\u00a0JLL report,\u00a0Asia Pacific\u2019s\u00a0PropTech\u00a0scene\u00a0is outperforming\u00a0Europe and the US. In fact, 179 start-ups in\u00a0the region\u00a0have accounted for 60 percent of\u00a0global financing to this sector\u00a0after\u00a0raising\u00a0a total of US$4.8 billion since 2013.
\n\u00a0<\/p>\n

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\u00a0<\/p>\n

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\nThis article was first published in the print version PropertyGuru News & Views. Download PDFs of full print issues or read more stories now!<\/p>\n


\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Property trends in 2018<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of private apartments in Singapore. Here are some important trends that have been driving...<\/p>\n","protected":false},"author":1,"featured_media":72676,"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-72675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/11\/footer_011-1.gif?fit=710%2C9&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-iUb","jetpack-related-posts":[{"id":106985,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pearl-bank-apartments-to-be-digitally-preserved-ahead-of-redevelopment\/","url_meta":{"origin":72675,"position":0},"title":"Pearl Bank Apartments to be digitally preserved ahead of redevelopment","date":"May 10, 2019","format":false,"excerpt":"\r CapitaLand has spent months documenting Pearl Bank\u2019s facade with the use of drones as well as detailed images and videos of the building. The iconic Pearl Bank Apartments in Outram is set to be digitally documented for public archives ahead of the building\u2019s redevelopment. In fact, CapitaLand has spent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87074,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-architect-calls-for-national-referendum-on-fate-of-iconic-buildings\/","url_meta":{"origin":72675,"position":1},"title":"S\u2019pore architect calls for national referendum on fate of iconic buildings","date":"May 4, 2018","format":false,"excerpt":"\r Lim Wenhui, partner at Spark Architects, is the first female head judge of the PropertyGuru Asia Property Awards (Singapore).\u00a0 \u00a0 In a bid to preserve our past, Singaporeans should rethink the belief that nation building requires older structures to make way for modern infrastructure, said Lim Wenhui, partner at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/05\/The-Colonnade-768x1024.jpg?fit=768%2C1024&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":88847,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/designer-calls-for-national-referendum-on-fate-of-iconic-buildings\/","url_meta":{"origin":72675,"position":2},"title":"Designer calls for national referendum on fate of iconic buildings","date":"May 4, 2018","format":false,"excerpt":"\r Lim Wenhui, partner at Spark, is the first female head judge of the PropertyGuru Asia Property Awards (Singapore).\u00a0\u00a0 CORRECTED: (Removes reference to Lim Wenhui as an architect in the title) In a bid to preserve our past, Singaporeans should rethink the belief that nation building requires older structures to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/05\/The-Colonnade-768x1024-1.jpg?fit=768%2C1024&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":71705,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/land-sales-to-hit-14b-a-sign-of-property-market-resurgence\/","url_meta":{"origin":72675,"position":3},"title":"Land sales to hit $14b, a sign of property market resurgence","date":"November 14, 2017","format":false,"excerpt":"\r Pearlbank Apartments in Outram is a 37-storey horse-shoe shaped building that comprises 280 apartments and eight commercial units. (Photo: Colliers International) More than $3.3 billion worth of land deals, including en bloc sales, are expected to be completed in Singapore during this quarter, boosting the total for the whole\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105503,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dgrove-villas-up-for-en-bloc-sale-at-398m\/","url_meta":{"origin":72675,"position":4},"title":"D\u2019Grove Villas up for en bloc sale at $398m","date":"March 28, 2019","format":false,"excerpt":"\r The 21-storey development is located near the Orchard Road shopping belt, high-end clubhouses and premium serviced apartments. D\u2019Grove Villas, a freehold residential development in prime District 10, has been put up for collective sale with an asking price of $398 million, revealed marketing agent Centaline Singapore. Located at 8A\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118463,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/queen-astrid-gardens-up-for-en-bloc-sale-owners-expect-126-8mil-for-gcba-site\/","url_meta":{"origin":72675,"position":5},"title":"Queen Astrid Gardens up for en bloc sale, owners expect $126.8mil for GCBA site","date":"September 3, 2020","format":false,"excerpt":"\r The 999-year leasehold, four-storey condominium comprises 16 residential units and sits on the Queen Astrid Park Good Class Bungalow Area (GCBA). Photo: Knight Frank Pte Ltd. Residential development Queen Astrid Gardens has been launched for collective sale for a guide price of $126.8 million or $2,037 per sq ft\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\/72675"}],"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=72675"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/72675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/72676"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=72675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=72675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=72675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}