Property prospects mixed amidst rising supply

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pstrongThe office market will see a higher supply with a pipeline of 4.76 million square feet./strong/p pOverall property demand in Singapore will likely improve in 2024, although higher supply in markets like residential and office may “crimp rental prospects,” said Cushman & Wakefield.

Overall property demand in Singapore will likely improve in 2024, although higher supply in markets like residential and office may “crimp rental prospects,” said Cushman & Wakefield.

The pipeline supply for the office market is 4.7 million square feet, whilst the residential market will see the addition of 12,520 units.Deals in the market, however, remain challenging to transact due to negative cash on cash returns, which is likely to persist, said C&W. In the residential space, C&W sees long-term capital gains “as the price gap between suburban and luxury condos has been shrinking in recent years.”...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

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