Singapore

The median price per square foot narrowed to 17.5% in Q3.

Out of 29 mortgagee listings in Q3, 22 were residential properties.

Almost half of the listings were from the residential sector.

Resale transactions in the OCR were least affected.

Current occupiers are more likely to renew their lease contracts than to relocate.

Rents dipped by 0.1% in Q3, the first decline since Q1 2021.

This comes from 381 transactions closed during the quarter.

Marina Centre, City Hall, and Bugis registered the highest annual growth of 5.3%.

Retail rental and price indices grew 0.5% and 0.6% in Q3, respectively.

Thanks to a few Government Land Sales deals.

Home prices are showing signs of stabilisation, inching up 0.8% in Q3.

Rents have now grown by 12.8% in the first nine months of the year.

Rents have already increased by 7% year-to-date.

The projection dropped 20% to S$19 to S$20 billion.

It’s a deal worth over S$500m for the sale of PARKROYAL on Kitchener Road.

Rents are expected to soften as supply surges from both CBD and non-CBD areas.