According to CBRE Research’s latest report, real estate investment volumes increased by 44.5% quarter on quarter (QoQ), in the second quarter (Q2) according to CBRE Research.
This amount is equivalent to $5.9b Despite the restrictions in place from mid-May through early June, the residential market still performed well.
Provence Residence EC Canberra Link under the Sembawang planning area and close to the upcoming Canberra MRT station offered by HDB as part of the GLS program.
The retail market is still struggling, however, as the tourism borders are closed and work-from home the default.
Due to earlier moves by owners and downsizing by occupiers, the net absorption in the office market was -0.36 million sq ft during Q2.
The overall leasing interest in business parks was also low, with a net absorption rate of 0.13 million sq ft in Q2.
The industrial market saw a tight supply of warehouse space and prime logistics, which drove up rents by $1.3 and 2.9% QoQ respectively.