Singapore based property broker Edmund Tie is reporting this week that private new home sales increased for a consecutive month by 70% to 1,547 units in November 2021 from 911 units in October.
The sector's share of capital flows will continue to be supported by favorable demographic, economic and capital markets tailwinds which will drive expansion in established markets and accelerate growth in emerging markets in Asia Pacific and Europe.
According to global real estate advisor JLL, Asia Pacific commercial real estate investment volumes continued to rebound strongly in the first nine months of 2021, up 30% compared to the same period in 2020.
According to Singapore property consultant Edmund Tie, Singapore's Property Price Index for all private residential properties rose for the sixth consecutive quarter by 0.9% quarter-over-quarter to 165.0 in Q3 of 2021.
On a quarter-over-quarter basis, Q2 2021 saw $2.3 billion in hotel transaction volume across the region, a 5.1% slide from Q1 2021. Japan, Mainland China, Korea and Australia made up the bulk of sales volume during the second quarter, says CBRE.
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