Singapore property broker Edmund Tie's latest residential price index increased by 0.8% quarter-over-quarter in 2Q 2021, a slight downward revision from the flash estimate of 0.9%. This demonstrated a more sustainable pace of growth compared to 1Q 2021's 3.3%.
Based on findings of CBRE's 2021 Asia Pacific Future of Office Survey, a growing number of corporate occupiers plan to extend their Asia Pacific office footprint in the long-term while adopting strategies featuring greater flexibility and new hybrid working models.
According to Knight Frank's prime residential price forecast in 2021, with luxury prices in the city expected to rise 10% over the year, Sydney is leading the way.
According to CBRE's latest In and Out Report, offshore property investors have upped the ante in the Asia Pacific region, accounting for 41% of the $15.6 billion (USD) in office, retail, industrial and hotel property transactions finalised in H1 of 2021.
Singapore-based real estate consultant EDMUND TIE is reporting this week that property investor sentiment and activity continued to improve in 2Q 2021, driven by the steady momentum of the vaccination program.
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