Property News
Net demand for Singapore office space doubles in Q3 as central region rents rise 0.8%
A 775,000 sq ft withdrawal of stock also helps push islandwide vacancy rate down to 10%
Home sales set to recover in Q4 with prices seen rising further on new launch momentum
Residential prices rise 1.4% in Q3 with slowdown in sales; analysts forecast full-year price growth of 3% to 5%
Tuan Sing to buy Westgate Tower in Jurong for S$600 million
The 20-storey office building has 90% committed occupancy across 305,000 sq ft of net lettable area
US mortgage rates decline for first time in 9 weeks to 7.32%
However, borrowing costs remains close to their highest levels since November 2023
Knight Frank’s Tan Tee Khoon leaves firm, Nicholas Keong takes over auction business
Keong will continue to oversee the prime residential sales and leasing, and private office businesses
Take-up of new private homes dives 45% in Q3 as prices accelerate with 1.4% rise
Developers sell 1,183 new private homes in the quarter, while stock of completed private residential units is up
Office rents in Singapore’s central region rise 0.8% in Q3 over Q2, URA data shows
Islandwide vacancy falls to 10% as at end-Q3 from 11% as at end-Q2 on 72,000 sq m shrinkage in office stock
Easy to rent out, hard to sell: Are buyers losing interest in Singapore’s one-bedroom condos?
Lower entry prices and rental yields support demand, but exit prospects depend on location, layout and pricing
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