Singapore

It's a slower growth rate compared to the previous quarter’s 1.2%.

And the growth of resale prices may slow to 4-6%.

This is higher than the 3% forecast released late last year.

There were barely any launches during the month, which caused the decline.

There were only 278 units sold during the month.

Despite firms’ plans to reduce office footprint, there will still be a net increase in office demand.

This brings total rental growth to 2.5% in H1 2023.

A total of 818 rooms were completed in Q1 alone.

Knight Frank advised that freehold properties are a popular investment.

Its initiative redefined the work-and-commute landscape by making it more accessible.

Three residential developments will be launched for sale this month.

The market is set to have 3,000 additional keys by the end of the year.

The projects completed in Q1 were mainly single-user facilities meant for self-use.

The awards programme lauds innovative and standout real estate projects and developments.

However, new supply only grew by 3% over the same period.

Nearly 400,000 private homes were available in Singapore as of Q1.