Capital Markets

Despite heightened restrictions from mid-May 2021, preliminary real estate investment volume in Singapore grew by 44.5% q-o-q, to $5.900 bn for Q2 2021.

 

Office

The office market performance in Q2 2021 was a tale of two halves. Net absorption was -0.36 mil sq. ft. in Q2 2021, which was contributed by the earlier relocation moves and downsizing efforts by occupiers.

 

Business Parks

Overall leasing interest was relatively subdued, with renewals as a key feature in leasing activity this quarter. Islandwide net absorption was 0.13 mil sq. ft. in Q2 2021.

 

Retail

With work-from-home remaining as the default and tourism borders still closed, the retail market continue to face pressures though the magnitude of rental decline has slowed.

 

Residential

Despite heightened restrictions from mid-May 2021, the strong performance in the residential market has further shored up homebuyers’ confidence and take-up of new launches.

 

Industrial

Space availability for the warehouse and prime logistics remained tight, hence rents for both segments began to materialise at a quicker pace, by 1.3% q-o-q and 2.9% q-o-q respectively.