2q2023

Grade-A office rents in the CBD soften to 0.2% q-o-q growth in 2Q2023

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Grade-A office rents in the CBD soften to 0.2% q-o-q growth in 2Q2023

According to latest data, Grade-A office rents in the Central Business District (CBD) showed a marginal growth of 0.2% quarter-on-quarter in the second quarter of 2023. This slowdown in rental growth indicates a softening market, reflecting changing dynamics in the office sector. Analysts suggest that this trend may persist as the demand for office spaces continues to be influenced by ongoing economic uncertainties.

HDB prices mark 13th straight quarterly increase, rising 1.5% in 2Q2023

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HDB prices mark 13th straight quarterly increase, rising 1.5% in 2Q2023

In a steady streak, HDB prices have achieved their 13th consecutive quarterly increase, surging by 1.5% in the second quarter of 2023. The latest data highlights the ongoing resilience of Singapore’s public housing market despite external uncertainties, indicating a stable and promising investment avenue for homeowners and potential buyers.

Retail rents end five consecutive quarters of declines with 0.3% q-o-q growth in 2Q2023

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Retail rents end five consecutive quarters of declines with 0.3% q-o-q growth in 2Q2023

In a positive shift for the retail sector, rental prices have shown signs of a turnaround. After a prolonged period of decline, retail rents have experienced a modest 0.3% quarter-on-quarter growth in the second quarter of 2023. This represents a significant reversal in the trend and offers hope for the industry’s recovery. Experts believe that factors such as increased consumer confidence and improved economic conditions have contributed to this encouraging development.