Q3/2023 Residential Leasing Trends & 2024 Forecast
Heightened economic uncertainties, a weaker labour market and deteriorating business sentiment continue to exert pressure on the leasing market. We are forecasting a general rental decline of about 5%. Two reasons account for this. One is the 17,000 new completions in 2023 with another 9,900 units expected next year.
Exploring the Heart of Singapore: Tanjong Pagar and Marina Bay Area
Exploring Singapore's Tanjong Pagar District and Marina Bay Area is like taking a journey through time, from the colonial era to the ultra-modern present. Read on to learn more.
Robust Sales Despite New Measures
Although the government implemented a new round of cooling measures in April 2023 amid the uncertain global economy and high interest rates, both primary and secondary sales recorded quarterly increases for a second consecutive quarter.
The Appeal of The West
Envisioned as a vibrant, mixed-use district that combines residential, commercial, and recreational elements, Jurong Lake District (JLD) will be the largest business district outside of the central area. Read more.