Savills Singapore

Singapore's retail sector is rebounding, with rents rising in prime areas like Orchard Road due to returning tourists. The thriving food and beverage sector faces challenges from saturation and rising costs. Retailers should focus on market research and leverage technology for better customer experiences, while landlords must adopt data-driven strategies to remain competitive. Learn how our retail sector experts can support your success. http://sav.li/zhe #SavillsRetail #AsiaPacificRetail #SingaporeRetail #MarketGrowth

Savills Research shares that the decline in the URA property index for all private residential properties comes after four consecutive quarters of increase. This is the largest contraction quarter-on-quarter (QoQ) since the first quarter of 2020.   Prices of non-landed properties continued to increase for the fifth consecutive quarter, but only by 0.1% in Q3/2024. This was slower than the 0.6% growth in the previous quarter and was the slowest growth in the past five quarters.   George Tan, Managing Director, Livethere Residential, Savills Singapore says, “We observed renewed confidence from the stronger activity in the market, fuelled by the expectation of lower interest rates and positive buyer sentiment. The optimism in the market continues as upcoming launches are expected to drive activity towards the end of the year. Most of the non-landed private property buyers are Singapore citizens and permanent residents, including a notable number of younger buyers. Foreign purchases, however, remain limited, as the Additional Buyer’s Stamp Duty (ABSD) has dampened demand.”   Get the insights here:http://sav.li/zhz   #savillssg #savillsresearch #Q3residentialsales #Q3 #privateproperty #Singaporeproperty #privateresidentialsales #residentialsales #stampduty #Singapore #sgproperty #sgcondo #condoforsale  George Tan Jocelyn Choong Pamela Lai Angela Koh Jasmine Eng Jennifer Ng Fion Wong Eleanor Tan Rowena Teo Walter Teo Anni Kum

Savills Research revealed that the overall vacancy rate in multiple-user factory had eased further quarter-on-quarter (QoQ) in Q3 to 8.4% - a level not seen in 28 years since 1996. The drop could be due to landlords revising their rental expectations or offering incentives to fill up spaces in less prime locations. Meanwhile, Singapore’s overall industrial leasing activity strengthened from two quarters of slowdown, with total leasing volume rising by 2.1% year-on-year – a two-year high – in Q3. Rents in Savills’ basket of monthly prime multiple-user factory properties increased further by 1.3% QoQ. This is due to strong rental growth in some prime developments with good accessibility and amenities. However, Savills’ basket of warehouse and logistics properties faced rental pressure from softer demand, recording a muted rental growth of 0.2% QoQ. Sally Tan, Senior Managing Director and Head of Client Solutions at Savills Singapore says, “Cost pressures - including supply chain costs, construction material costs, energy prices and sustainability requirements are playing a key role in shaping the future of industrial real estate. While these factors are pushing up costs, demand remains strong in key sectors like logistics, advanced manufacturing, healthcare and data centres, which should help stabilise rental rates and capital values in the long term.” Read more here: http://sav.li/zhy #savillssg #savillsresearch #Q3industrialreport #Q3 #industrialrents #industrialleasing #warehouse #logistics #vacancyrate #factory #manufacturing Sally Tan Boon Kiat Tang Tyrese Low Jessica Kwan Cheryl Toh

Generative AI is becoming a way of life, and its demands for power, space and ideal locations are expanding the data centre sector rapidly. With that expansion comes new investment opportunities, especially in SEA, as well as significant challenges. As hyperscale centres with over 5,000 servers become commonplace, and data centres as a rule morph into an attractive alternative asset, regulatory demands and energy consumption restrictions present hurdles that cannot be overlooked. Examine those hurdles and read how they might be cleared in Savills Impacts. http://sav.li/wdm #SavillsIndustrial #DataCentre #SavillsImpacts #AI

Robin Leow FRICS Managing Director, Facilities Management at Savills Singapore, discusses with Jacke Chye how facilities management has transformed with digitalisation, exploring the role of technology in enhancing productivity and service delivery.   Watch or listen to the full episode at: YouTube Music: http://sav.li/x1n Spotify: http://sav.li/x7u Savills’ YouTube Channel: http://sav.li/xcz   #savillssg #savillsshares #facilitiesmanagement #digitalization #technology #productivity #innovation #Fmsolutions Kevin Tham Chai Kan Yen Alicia Huo Denise C. Robin Wong, MSISV, GMAP(FM), CFME (Tier 1) Janvion Low Michelle Cheng Khong Gain Leo

Savills Singapore, is delighted to announce its successful brokerage of five ground floor units at International Building for S$27.8 million. The properties have been secured by Super Homes Pte Ltd – a wholly owned subsidiary of Hong Fok Corporation Limited.   A 12-storey office building, it features two levels of retail space, which currently comprises of shops, offices and restaurants. Ms. Hui Yee Yap 叶慧宜 Hui Yee, Executive Director, Savills Investment Sales & Capital Markets, says: “We are thrilled to have brokered this key transaction at International Building. With this acquisition, the buyer has now achieved full ownership of the building. This marks a major milestone, and we are excited for them as they take full control of this prime asset in the heart of Orchard Road.” #savillssg #investmentsales #capitalmarkets #internationalbuilding #orchardroad #rejuvenation #commercialrealestate Jeremy Lake Hui Yee Yap 叶慧宜 洪慧珊Dayna Ang Sophia Lim Nick Chan, CFA, CAIA

Savills Singapore Facilities Management has been awarded the Award of Excellence in FM Operations (Institutions) at the prestigious IFMA Asia Pacific Awards 2024! Held at the Ritz Carlton, Hong Kong, this event celebrates innovation and excellence in facilities management sector across the region. A heartfelt thank you to IFMA (Hong Kong Chapter) for hosting such an incredible ceremony and to our Savills Hong Kong colleagues for celebrating this milestone with us. And congratulations to Savills FM team. Together, we’re raising the bar in FM! #SavillsSingapore #savillsg #FacilitiesManagement #IFMA #awards Robin Leow FRICS Kevin Tham Janvion Low Robin Wong, MSISV, GMAP(FM), CFME (Tier 1) Denise C.

Inclusive hiring helps attract and retain talent and supports ESG performance. Our advisory services help you achieve all your sustainability goals. Connect with our experts for strategic guidance http://sav.li/vgy #SavillsESG #CRESustainability #Sustainability

Spain is one of the markets in Europe that have seen highest capital value growth in the Savills World Cities Prime Residential index. It is the world's second most popular tourist destination. With cities steeped in history and diverse attractions from vibrant cities to serene coastlines, Spain is geared for further growth. Find out more here: http://sav.li/tos   #savillssg #IRS #investinspain #Spainprimeresidential #spanishhomes #internationalresidentialinvestment #overseashomes #foreignhomeinvestment #worldcities #Spainproperty Ruben Koh Adrian Lim Rachel Ho Mestika Suzanne Tengara Samantha Foo Rosz Kamin-Murphy Frankie Ooi Hester Chang Zhi Kai Gu James Tan Victor Fong Marcus Suaw

We’re on the lookout for a Graphic Design Intern to bring fresh energy to our team and contribute to impactful design projects in a corporate environment. Ready to design, innovate, and learn? Send your resume to hr@savills.com.sg today! #savillssg #wearesavills #SavillsSingapore #designers #design #Creativework #JoinOurTeam #hiring