24/11/2017
Singapore listed one of Asia Pacific’s top real estate investment markets✨✨
After two years of falling rents caused by a glut of supply and a sluggish economy, the promise of a bottom in the city-state’s office market pushed its ranking up from next-to-bottom last year to third in this year’s Emerging Trends in Real Estate Asia Pacific 2018 report.
“The 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,” 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.
With that we see the residential sector showing 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.
With that in mind, potential homebuyers will be wise to purchase and get their property units before they run out. What are you waiting for? Get the accommodation of your dreams right now 🌸
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Article: https://www.propertyguru.com.sg/property-management-news/2017/11/165362/singapore-listed-one-of-asia-pacifics-top-real-estate-investment-markets-2
After two years of falling rents caused by a glut of supply and a sluggish economy, the promise of a bottom in the city-state’s office market pushed its ranking...