The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 28 Mar 2023 (Tue)

Singapore Real Estate


Explore new ways to widen ownership of Singapore homes and commercial property
In 2007, Google opened its first office in South-east Asia, in Singapore’s Collyer Quay, with 24 employees. At an event marking its 15th year here in August 2022, the tech giant said its Asia-Pacific headquarters in Singapore housed 3,000 staff serving the region.


Prime office rents grow amid tight supply in Q1: Knight Frank
Office rents in the Central Business District (CBD) rose in the first quarter of 2023, driven by tight supply and buoyant demand for flexible and scalable office space. This is despite worsening economic sentiment and layoffs in the tech sector.


Rising rents hit European businesses in Singapore, cause anxiety among employees
Rising rents and costs amid inflation have led to European businesses operating in Singapore consider shifting operations out of the country, while employees exhibit visible anxiety and psychological distress over the higher residential rental costs.


Amid soaring rentals, 7 in 10 firms ready to move expat staff overseas: Survey
Half of expatriates here have been hit by rental increases of more than 40 per cent, while about seven in 10 businesses are ready to relocate their staff out of Singapore if there is no relief from rising operating costs, a survey has found.


Rise in demand for assisted co-living spaces in public housing flats, as more seniors prefer to ‘age in place’
Seniors here are driving up the demand for assisted co-living arrangements in public housing flats, where tenants rent the units and share the caregivers.



Global Economy & Real Estate


Housing market in tech hubs cooling faster than other parts of US


Deutsche Bank London HQ sold for £257 million to Malaysia’s Gamuda


Inflation in UK shops hits record high of 8.9% with more pain to come


Swedish mortgage lending falls for first time as rates rise


China developer Shimao seeks buyer for Hong Kong hotel


After doling out huge loans, China is now bailing out countries


Australian retail sales decelerate as rate hikes crimp spending


South Korea sees strong downward risk to 2023 budget revenue



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