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Q3 2023 Singapore Figures report provides the latest commentary and data on net absorption, rents, vacancy, supply and other key metrics in Singapore's office, business parks, retail, residential and industrial markets, along with an analysis of real estate investment activity.
Executive Summary
Office: Year-to-date, Core CBD (Grade A) rents have increased by 1.3% in 2023. There was positive net absorption of 0.11 mil sq. ft., as compared to a more modest level of 0.03 mil sq. ft. in H1 2023.
Business Parks: Demand for business parks continued to moderate as leasing sentiment turned cautious. Rest of Island rents registered its first quarter of decline since Q1 2021.
Retail: Prime islandwide retail rents rose at a faster clip in Q3 2023 (1.4% q-o-q), compared to 0.8% q-o-q in Q2 2023.
Residential: New home sales slowed despite a larger number of new projects and units launched. Following the fall in overall private housing prices in Q2 2023, prices rebounded.
Industrial: Despite the economic headwinds, prime logistics rents have grown by 11.7% year-to-date, as limited supply of prime logistics space was met with strong leasing demand.
Investment: Preliminary real estate investment volumes in Singapore for Q3 2023 surged 93.4% q-o-q (-13.5% y-o-y) to $7.044 bn, mainly on public (mostly residential) land sales. Excluding these sites, investment volumes would be down marginally by 2.5% q-o-q.
This report was originally published in https://www.cbre.com.sg/insights/figures/singapore-figures-q3-2023
Download the Report Read MoreExplore the Q3 2023 report on India's commercial office and residential sectors. Commercial leasing hits 16 MSF, while the residential market maintains robust sales, but affordable housing demand decreases.
Investors have long-sought after real estate for price appreciation, inflation protection and diversification.
There are a variety of ways to access real estate, including the private route, direct investment in brick-and-mortar properties, debt investments backed by real estate, publicly traded Real Estate Investment Trusts (REITs) and securities, and securitised fixed income instruments. Arguably the most optimal approach is to combine these approaches’ complementary benefits by following what CBRE terms as the ‘Four Quadrants’ approach.
The Four Quadrants approach involves four primary investment conduits through which institutional investors can obtain exposure to commercial real estate. These are:
This report reviews the Asia Pacific real estate investment landscape across these four quadrants, and shares insights on potential opportunities and strategies for investors.
This report was originally published in https://www.cbre.com/insights/reports/asia-pacific-four-quadrants
Download the Report Read MoreA fast-evolving landscape of geopolitical tension, elevated inflation, rising interest rates, and shifting policy developments presents both challenges and opportunities for investors navigating a wave of transformative change in international asset classes. In particular, as investment funds move to revise their strategies, the dynamic real estate (RE) markets of the Asia Pacific (APAC) are now drawing increasing attention, as managers seek to tap their historically strong track record for growth as well as their potential for portfolio diversification at a time of rising levels of market risk.
This report was originally published in https://www.capitaland.com/en/about-capitaland/newsroom/Perspectives/2023/Benefits-of-Diversity-APAC-Role-in-Investment-Portfolio-Growth.html
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