Singapore Real Estate Highlights Q3 2011

HIGHLIGHTS

Developers' new sales decreased 4.1% in 3Q 2011. On a quarter on quarter basis, the pace of private property price increase moderated further to 1.3% for the 8th consecutive quarter since 4th Quarter 2009 while prices of resale HDB flats rose 3.8%. Rents of private residential properties inched up marginally at 0.8%.
Amid softening global economic conditions, retail rents island-wise stayed firm. Orchard Road retail rents increased marginally following stabilising supply and influx of new retail brands.
Following weakening global economies, dampened sentiments and upcoming supply, 3Q 2011 office market slows down signalling the possible near peak of the office cycle.
The Industrial property sector remains stable despite global uncertainties and lack-lustre performance in several manufacturing clusters.

To download the full research report, please click here.

For further enquiries, please contact:

Png Poh Soon, Director, Consultancy & Research

T: +65 6228 7393

KF Property Network Pte Ltd