Singapore

Resales also grew by nearly 30% for warehouses.

It was a 2,788 sq ft unit worth S$8.6 million.

It’s the highest sales since November 2021.

Cuscaden Reserve’s prices of units start from $2.35m.

Investments totalled $32.1b in 2022.

The residential sector accounted for 40% of the transactions. 

This sector accounted for a fifth of new leases in H1.

There were 57 owner listings and only 22 mortgagee listings in Q2.

Business park rents dipped 0.5% during the quarter.

Only four industrial mortgagee listings were sold.

The Bencoolen sold 31 units, followed by High Park Residences with 23 units.

The success rate was at 4.9%.

Sales only dipped 1.5% to 2,376 units in Q2.

It was a 4-room jumbo flat sold in June.

Prices inched up by 0.6% to S$1,624 psf in Q2.

Thanks to more tourist arrivals expected in the coming months.