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URA chief executive officer Lim Eng Hwee

Singapore Home Sales Plunge 83% in December, Full-Year Tally Hits 15-Year Low

URA chief executive officer Lim Eng Hwee

2024/01/15 by Beatrice Laforga Leave a Comment

Singapore new private home sales plunged 83 percent to 135 units in December from the 784 units transacted the previous month, posting the lowest monthly sales recorded in the city-state since the 2007-08 global financial crisis.

The year-end holidays and… Read More>>

Singapore new private home sales plunged 83 percent to 135 units in December from the 784 units transacted the previous … Read more>>>

Daniel Ding Knight Frank Singapore

Singapore Deal Volume Fell 32% in 2023 as Government Land Sales Dominated

Daniel Ding Knight Frank Singapore

2024/01/09 by Christopher Caillavet Leave a Comment

Singapore’s property market felt the pressure of rising interest rates in 2023 with investment plunging 31.8 percent to S$21.1 billion ($15.9 billion), according to Knight Frank.

Residential deals, comprising mostly government land sales, amounted to S$10.3 billion or 47.7 percent… Read More>>

Singapore's property market felt the pressure of rising interest rates in 2023 with investment plunging 31.8 percent to … Read more>>>

Wanda Mall in Harbin (Getty Images)

Wanda Shakes Off Debt Woes, IPO Stumble to Remain China’s Top Commercial Developer

Wanda Mall in Harbin (Getty Images)

2024/01/09 by Christopher Caillavet Leave a Comment

Despite credit downgrades, disappearing associates and an aborted mall IPO, Dalian Wanda kept its crown as China’s biggest commercial developer last year, and the race wasn’t close.

Dalian Wanda Commercial Management, the primary holding company for Wanda’s commercial and hospitality… Read More>>

Despite credit downgrades, disappearing associates and an aborted mall IPO, Dalian Wanda kept its crown as China’s … Read more>>>

Bernadette Linn Hong Kong

Hong Kong Suspends Government Land Sales in Q1 as Developer Demand Dries Up

Bernadette Linn Hong Kong

2024/01/05 by Christopher Caillavet Leave a Comment

Hong Kong has paused government sales of commercial and residential land for the first quarter of this year because of weak demand from developers after a string of lacklustre tenders.

In the January-to-March period, which corresponds to the fourth quarter… Read More>>

Hong Kong has paused government sales of commercial and residential land for the first quarter of this year because of … Read more>>>

Yang Huiyan Country Garden

Country Garden Loses Top Spot Among China Developers as Sales Fall 53%

Yang Huiyan Country Garden

2024/01/04 by Christopher Caillavet Leave a Comment

Country Garden’s two-year reign as China’s biggest developer came crashing to earth in 2023 as the Guangdong-based builder’s contracted sales plunged 53.3 percent on the year to RMB 216.9 billion ($30.6 billion).

After knocking longtime champion China Evergrande out of… Read More>>

Country Garden’s two-year reign as China’s biggest developer came crashing to earth in 2023 as the Guangdong-based … Read more>>>

Norry Lee JLL

Hong Kong Private Housing Completions to Drop 44% Over Three-Year Period: JLL

Norry Lee JLL

2024/01/04 by Christopher Caillavet Leave a Comment

Annual completions of private housing in Hong Kong for the three years of 2026-28 are expected to fall 44 percent compared with those in 2023-25, according to a JLL forecast.

Declining homebuyer interest and pressure on builders from high interest… Read More>>

Annual completions of private housing in Hong Kong for the three years of 2026-28 are expected to fall 44 percent … Read more>>>

20220110_Portrait_Savills_Christian Mancini

Investment in Japanese Hotels Jumps 50% as Foreign Investors Pile In

20220110_Portrait_Savills_Christian Mancini

2024/01/03 by Poonyapat Luenam Leave a Comment

With Japan’s tourism sector on the rebound, global players have ramped up purchases of hospitality assets in Asia’s second largest economy, with foreign investors accounting for more than 60 percent of hotel acquisitions in the country during the first three… Read More>>

With Japan’s tourism sector on the rebound, global players have ramped up purchases of hospitality assets in Asia’s … Read more>>>

URA chief executive officer Lim Eng Hwee

Singapore Home Prices Climb 2.7% in Q4 on Launch of Luxury Projects

URA chief executive officer Lim Eng Hwee

2024/01/02 by Beatrice Laforga Leave a Comment

Private home prices in Singapore rose by 2.7 percent in the final three months of 2023, compared to the preceding quarter, as slower sales allowed a few luxury project launches to skew a government price index higher, while growth for… Read More>>

Private home prices in Singapore rose by 2.7 percent in the final three months of 2023, compared to the preceding … Read more>>>

Gan Kim Yong MITI Singapore

Singapore Rolls Out Biggest Industrial Land Sale Plan in a Decade, Despite Dim Demand

Gan Kim Yong MITI Singapore

2023/12/31 by Beatrice Laforga Leave a Comment

Singapore is set to auction off 29 percent more industrial land in the first half of 2024 in its biggest offering of shed sites in a decade, although experts anticipate tepid bidding amid a slowing market.

In releasing its sale… Read More>>

Singapore is set to auction off 29 percent more industrial land in the first half of 2024 in its biggest offering of … Read more>>>

Shaw Towers

Downtown Singapore Office Rent Growth Set to Slow to 2% in 2024 as Supply Surges

Shaw Towers

2023/12/26 by Christopher Caillavet Leave a Comment

Growth in Grade A office rents in downtown Singapore is expected to taper to 2 percent next year from 2023 levels amid a surge in new supply, according to Cushman & Wakefield.

After rising 6.5 percent in 2022 and an… Read More>>

Growth in Grade A office rents in downtown Singapore is expected to taper to 2 percent next year from 2023 levels amid a … Read more>>>

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