Showing posts with label Singapore Real Estate Market Size. Show all posts
Showing posts with label Singapore Real Estate Market Size. Show all posts

Tuesday, May 10, 2022

Singapore Real Estate Market Is Predicted to Propel Due to Increasing Demand for Newer Properties: Ken Research

 Buy Now

Singapore real estate industry was witnessed to attain maturity majorly owing to the country serves as an international business hub, tourism center and effective residential housing requirement in the country. The country started with selling land parcels for commercial enhancement and itself became the greatest housing developer. Shortage of space and high requirement has enabled Singapore to evolve into a modern real estate infrastructure pioneer with the mixed developments, environment friendly constructions and architectural marvels at the essential of real estate. Being an international business hub, Singapore’s commercial real estate space sees key foreign investments and obtain the significant revenues from the existence of international players in the market. The effective growth in tourism allows revenue surge for retail as well as hotel real estate. The efficient augment in population and tourist influx into the country has enabled the Singapore to become one of the most expensive real estate markets across the world with majority of population living in Government’s HDB properties.

According to the report analysis, ‘Singapore Real Estate Market Outlook to 2023 - By Residential Market (New Sales, Re-Sales and Sub-Sales), By Retail Market (Private and Public Retail Space), By Office Market (Private and Public Office Space) and By Hotel Market (Gazetted and Non-Gazetted Hotels)’ states that the real estate industry within Singapore is further classified by high levels of competition, an augmenting the demand for newer properties and commercial activities along with growing population across the country. Competition stage within the country’s real estate space was witnessed to be moderately concentrated along with the existence of key players such as CapitaLand, Frasers Property Ltd, UOL Group, City Developments, APAC Realty, Chip Eng Seng and Roxy-Pacific Holdings and other small players.



The hotel space within Singapore real estate industry was observed to grow throughout the review period 2013-2018 propelled by tourism arrivals. The country’s hotel real estate industry entails a combination of gazetted and non-gazetted hotels. Hotels in Singapore are further classified into Luxury, Upscale, Mid-tier and Economy. Singapore has 9 foremost hotel areas with CBD and Orchard road carrying key 5-star hotels, Sentosa Island and River District carry 4-star and 5-star hotels , Heritage District mostly conveys 3-star hotels with a few 5-star hotels, Little India, Chinatown, North Downtown and Airport area accent more on budget, 2-star and 3-star hotels.

Request for Sample Report @ 

https://kenresearch.com/sample-report.php?Frmdetails=MjE1ODIz

In terms of the total room revenue, hotel space within Singapore real estate industry is further projected to grow throughout the forecast duration of 2019-2023. The market revenues are further projected to augment on account of growing demand and supply of rooms. Gazetted hotels are predicted to lead the supply of rooms as non-gazetted hotels present the signs of stagnancy.

Not only has this, the retail estate market within Singapore was witnessed to take a fall during the review duration of 2013-2018. Occupancy of retail space in fringe area recorded highest decline majorly owing to the completion of new retail space such as Macpherson Mall and Raffles Holland V in the region. Retail real estate in Singapore is developing with customer engagement and is further moving towards the activity-based method to tackle offline market space. The market has been observing the technology integration in prevailing and forthcoming projects.

For More Information, refer to below link: –

Singapore Real Estate Market Research Report

Related Report: -

Singapore Used Car Market Outlook To 2025: Increasing Used Cars Demand Due to the Pandemic Contributes to Increase in Used Cars Sales during the Economic Crisis

Singapore Property Classifieds Market Outlook to 2026 – Driven by Consumer Prefrence and investments from VCs along with Exponential growth of smartphone penetration

Follow Us 

LinkedIn | Instagram | Facebook | Twitter | YouTube 

Contact Us: - 

Ken Research 

Ankur Gupta, Head Marketing & Communications 

support@kenresearch.com 

+91-9015378249 

 

Thursday, September 12, 2019

Singapore Real Estate Market Research Report And Market Forecast: Ken Research


Singapore Real Estate Market Sizing Approach and Market Limitations
Market Sizing Approach
Initially, we have compiled a list of prominent companies in real estate industry in Singapore and have approached the management of these companies including business development manager, sales and marketing head, procurement managers and others to understand the revenues, their growth, distribution networks, profit margins, concentration by geography and industry verticals.

Data and Information is available on reports from, UBS, Coliers, Knight and Frank and websites of statistical department and ministries. The data is collated, sanity check of the information is done by confirming it with various industry experts and seeks justification for such numbers. Reference was taken form the annual report, company websites (country based) and press release to gain some insights about company performance.

Our team then collated the data shared by the industry experts belonging to these companies and extrapolated on the basis of the market share, pricing and rental and buildings constructed and also re-checked it with the data available in secondary sources and proprietary databases.

We have conducted multiple CATIs with industry experts and management of various real estate related companies in Singapore to understand their business models, major applications, revenue stream, product portfolio and other market parameters. This helped us in estimating revenue generated in the Singapore real estate market.

Market Limitations
There might be a case that the chief executives / representatives / dealers might be bullish with the numbers. We have cross checked and revalidated the data, collected with our hypothesis and question them on the numbers. But in the end, justification provided by a primary might / might not be satisfactory on the numbers as there is no right mechanism to revalidate their numbers. Henceforth in this scenario, the team has applied a discounting factor to the numbers decided through interviews conducted from other industry representatives since it appeared bullish to our logical thought process.
The market size, segmentation and market share have been computed by taking the maximum retail price, the discounts and other deductions by builders, brokers and others are not considered in this study.

Since the competition between builders in the industry is high, key management executives of builders and brokers have not divulged margins of different revenue streams. Several key decision makers from these companies were contacted but they were unwilling to provide such confidential details.

Future growth model has been built on the basis of future developments and opinions received from key industry veterans of the market followed by subjective analysis with margin of error not more than 10%.

Singapore Real Estate Market Overview and Genesis
Economic Overview
Residential building value grew at a CAGR of ~% and non residential building at ~% during the period FY’2013-FY’2018. The GDP of Singapore, in real terms, grew at ~% as on January 2019.
Wages (excluding bonuses) in the country grew at CAGR of ~% during the period FY’2013-FY’2018.

Bank lending rates have declined at a CAGR of ~% during the period FY’2012-FY’2017. On the other hand, current lending rate is ~% in the year 2017.

Recent Developments in the Industry
There is a growing trend amongst developers to move towards integrated or mixed development. As a result residential and commercial spaces form part of the same space. It is also leading to better utilization of land in a few land scarce areas where demand for commercial and residential spaces is equally high.

Singapore Residential Real Estate Market New sales, 2016-2018
Despite the cooling measures and uncertain external environment, prices for private residential properties continued to increase during 2018. The sales of condominium property halved from SGD ~ billion in 2016 to SGD ~billion in the year 2018 whereas on the other hand apartment sales more than doubled from SGD ~ billion in 2016 to SGD ~billion in 2018. By leasing type, majority of the new property sales in Singapore had a ~years lease generating a revenue of over SGD ~ billion in 2018.

Singapore Residential Real Estate Market Sub-Sales, 2016-2018
Sub-sales within Singapore residential real estate market was witnessed to decrease year on year during the review period 2016-2018. The introduction of Seller’s Stamp Duty (SSD) and two rounds of Additional Buyer’s Stamp Duty ABSD) effectively increased a short-term speculator’s transaction costs by as much as ~% which has led to continuous decrease in sub-sale volumes for years now.

Key Segments Covered:-
Singapore Residential Real Estate Market
By Type of Dwelling
HDB Dwellings
Condoniums and Other Apartments
Landed Properties
Other Types of Dwellings

By Type of Sale
New Sale
Re-Sale
Sub-Sale

Singapore Retail Real Estate Market
By Private and Public Retail Space

Singapore Office Real Estate Market
By Private and Public Office Space

Singapore Hotel Real Estate Market
By Gazetted and Non-Gazetted Hotels

Key Target Audience:-
Real Estate Developers
Independent Investors
Real Estate Consulting Companies
Third Party Real Estate Companies
Independent Architects
Government Associations
Government Agencies

Time Period Captured in the Report:-
Historical Period - 2013-2018
Forecast Period - 2019-2023

Major Companies Covered:-
CapitaLand
Frasers Property Ltd
UOL Group
City Developments
APAC Realty
Chip Eng Sen
Roxy-Pacific Holdings
Other Players (Frasers Property Ltd. and City Development Ltd.)

Key Topics Covered in this report:-
Singapore Real Estate Market
Real Estate Industry In Singapore
Singapore Real Estate Market Growth
Singapore Real Estate Industry
Singapore Residential Real Estate Market
Singapore Retail Real Estate Market
Singapore Office Real Estate Market
Residential Supply Singapore
Singapore Property Price Market
En-Bloc Sales Market Singapore
Retail Real Estate Rents Singapore
Upcoming Retail Projects Singapore
Types Of Office Spaces Singapore
Singapore Capitaland Real Estate Market

For more information on the research report, refer to below link:-

Related Reports:-



Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249