Singapore Real Estate Market is Characterized by High Levels of Competition, Limited Demand for Newer Properties and Rising Commercial Activities: Ken Research

Approximately 80.0% of the Singapore population lives in HDB and there’s shift towards mixed development where commercial and residential spaces co-exist.

Analysts at Ken Research in their latest publication “Singapore Real Estate Market Outlook to 2023 – By Residential Real Estate Market (New Sales, Re-Sales and Sub-Sales), By Retail Real Estate Market (Private and Public Retail Space), By Office Real Estate Market (Private and Public Office Space) and By Hotel Real Estate Market (Gazetted and Non-Gazetted Hotels)” believe that introducing green and sustainable buildings, increasing co-working operators, establishing tie-ups between real estate agents and real estate companies, focusing towards affordable housing, REITS and developing innovative browser experience will collectively drive the Singapore real estate market demand in the near future along with a CAGR of 3.6% towards residential space; 1.0% towards retail space; 4.3% towards office space and 3.3% towards hotel real estate during the forecast period of 2019-2023.

Cooling measures introduced by the Singaporean government has dampened the residential real estate demand, as developers and buyers are subjected to higher tax rates. Higher property prices have created an additional burden on the potential property buyers in Singapore. The changes made by the government include a 5.0% higher Loan-to-Value (LTV) ratio (even for those people buying their first homes) and a 5.0% higher Buyer’s Stamp Duty (ABSD). As a result of which, developers will have to shell out 25.0% more money to cover land tax costs which were previously set at 15.0%, if the land is being purchased for development purposes. Additionally, rising property rates are likely to slow down Singapore’s property market as buyers shy off despite the demand, thus leading to limited new sales in future.

Major focus is on capitalization of existing retail resources in order to improve place making and customer engagement. The retail real estate space is shifting from simply selling to an activity based approach in order to attract customers. This major shift is in response to the growing presence of online channels of shopping which is leading to lower footfalls in malls. These can include attractions such as indoor playground, Nerf experience or Placemaking approaches that capitalize on retail spaces with the intention of creating public spaces that promote people's health, happiness, and well being. Focus of major retails is also shifting towards Pop-up stores to better engage customers in the short-term and utilize the potential spaces in malls.

Co-working spaces are gaining traction in the Singapore real estate market. Within a very short span of time, co-working spaces have grown multiple times and now have become one of the leading and the fastest growing lessees of office properties. Technology enterprises and start-ups are the main occupants of co-working spaces within Singapore. Additionally, it was observed that large scale developers and Corporates are also shifting towards creating co-working spaces which is evident from the fact that all upcoming major office projects contain technology integrated co-working spaces. Easy availability of funds and mass acceptance of these operators is driving the demand for co-working spaces in the country especially in the central region of Singapore.

Major demand driver for the hotel real estate space was tourism which saw a record growth in terms of tourism arrivals from 54.2 million in 2013 to 59.2 million in the year 2018. Singapore depends on tourism for about 4% of its economic output and country is committed towards continuous spending in this sector to improve tourism further. Tourism is mostly for leisure purposes but medical tourism is also coming up in Singapore given its low cost compared to western counterparts. BTMICE is another major factor driving demand for hotel industry. Tourism is the back bone of hotel industry and poses a good growth in the coming future.

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.)

Keywords:-

Singapore Real Estate Market

Real Estate Industry In Singapore

Singapore Real Estate Market Revenue

Residential Supply Singapore

Singapore Property Price Market

En-Bloc Sales Market Singapore

Upcoming Retail Projects Singapore

Grade A Office Space Singapore

Major Singapore Hotels Market

Singapore Capitaland Real Estate Market

APAC Realty Real Estate Singapore

Private Retail Real Estate Market Singapore

Housing Development Board Singapore

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

Singapore Real Estate Market

Related Reports:-

Hungary Real Estate Market Outlook to 2022 - by Residential (Dwellings Constructed by Regions, by Builders Type, Holiday Units Constructed by region, Dwellings Leased by Regions, Dwellings Sold by Regions), by Commercial, Retail and Hotel

Qatar Real Estate Market Outlook 2021 - Economic Diversification and FIFA World Cup 2022 to Support Infrastructure Development

Middle East Real Estate Market Outlook to 2019 - Demand for Destination Retail and Affordable Housing to Shape Future

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

India Biopesticides Market Outlook to 2024: Ken Research

The report titled “India Biopesticides Market Outlook to 2024 - Government Impetus to Improve Soil Health Further Supported by Flexible Registration Process Expected to Pose Healthy Growth “provides a comprehensive analysis of Biopesticides market in India. The report focuses on market size, market segmentation by unorganized and organized sector, By Origin (Microbial, Biochemical Biopesticides and PIPS), by India Biofungicides Market Segmentation (Trichoderma Viride and Harzianum, Pseudomonas Fluorescens, Bacillus Subtilis/ Pumilus, Ampelomyces Quisqualis, Fusarium Proliferatum), by India Bioinsecticides Market Segmentation (Bacillus Thuringiensis Variant Kurstaki, Beauveria Bassiana, Verticillium Lecanii, Metarhizium anisopliae, Paecilomyces lilacinus and Others), by Target Pests (Sucking Insects, Soil Insects, Caterpillars, Nematodes), by Crops, by Imported and Indigenous Biopesticides, Biopesticides Consumption by Regions and States. The report also covers the competitive landscape, government role and regulations, growth restraints, drivers. The report concludes with market projections highlighting opportunities and cautions.

India Biopesticides Market Overview and Size      

Indian market is a house to hundreds of biopesticides that are duly registered by the Central Insecticides Board (CIB), but quality control is a major problem in most of these products. Extensive research on biopesticides in national laboratories and State Agricultural Universities has clearly demonstrated the efficacy of biopesticides for management of pests and diseases. Regardless of the persistent government programs and initiatives, the consumption of biopesticides in India has remained relatively low, for several years in past especially since 2000s. The recent years have witnessed the introduction of nanotechnology mediated biopesticides. Nanoparticles mediated biopesticides have shown considerate potential in alleviating the problems associated with conventional pesticides. The market has attained speedy growth over the period of six years from FY’2013 to FY’2019. The potential benefits of using biopesticides in agriculture and public health programs are considerable. This has tremendously escalated the consumption for biopesticides in the country over the years resulting in a double digit CAGR growth.

India Biopestiscides Market Segmentation

By Origin

In FY’2019 the revenue generated through Microbial pesticides consisted of a microorganism (e.g., a bacterium, fungus, virus or protozoan) as the active ingredient which contributed to a majority of the proportion in the overall Biopesticides market. Microbial biopesticides are eco-friendly pests management solutions and have high specificity due to which share of microbial biopesticides has contributed highest share in terms of revenue in FY’19. Invertebrate pathogenic microorganisms employed as active substances in pest management are recognized as generally safe for the environment and non-target species, in comparison with synthetic chemicals. Botanical/biochemical and PIP was observed to capture the remaining volume share in the FY’2019.

By Type of Biofungicides

With improved seed vigor and introduction of systematic disease resistance, the demand for this fungal symbiont has remained high and rendered a majority share in the Indian Biofungicides market in FY’2019. Fusarium Proliferatum contributed to the smallest share in terms of revenue generated during FY’2019.

By Type of Bioinsecticides

During FY’2019, Bacillus Thuringiensis Variant Kurstaki contributed to a majority of the bioinsecticides sold in India. Due to its high effectiveness and quicker results, it is preferred over any other bioinsecticide present in the Indian market and thus, contributed the highest share of in the Indian Bioinsecticide market in FY’2019.

By Organized and Unorganized Market

The country’s biopesticides market is highly fragmented with several number of small scale players operating in the space. During FY’2019, the unorganized sector constituted a significant share in the overall biopesticides market in the country.

By Crops

The application of biopesticides is spread across several crops in agriculture. The share of cereals, pulses and oilseeds has been recorded the highest, and has commanded a major portion of the overall bio-pesticide consumption in India during FY’2019.  Flower, spices and tea constituted the smallest market share in terms of revenue generated.

By Imported and Indigenous Biopesticides

In India, the demand for indigenous biopesticides has dominated the overall biopesticides market during FY’2019. Imported biopesticides which mainly includes Bacillus, semi chemicals and others have accounted for the rest of the market.

By Regions and States

The consumption of biopesticides was dominated by western region in FY’2019 followed by South, East, North and North Eastern region. Maharashtra contributed significantly towards the country’s total agricultural income. The state has major area under jowar. 50.25% of the total area under jowar in the country is in Maharashtra as of FY’2017. Maharashtra has a net sown area of 17,192 thousand hectares as of FY’2017. The main crops grown in Maharashtra include Rice, Jowar, Bajra, Wheat, Pulses, Turmeric, Onions, Cotton, Sugarcane and several oil seeds including Groundnut, Sunflower and Soya Bean.

Competitive Landscape in India Biopesticides Market

The biopesticides market in India is concentrated among few major players operating in the organized space. In the organized biopesticides market, about ten major companies accounted for majority of the entire organized biopesticides market in the country during FY’2018. The Organized market constitutes of the organized players. The Major companies in the market are EID Parry, T Stanes, Fortune Biotech, Excel Crop Care, International Panaacea Ltd, Biotech International, Kan Biosys, PCI, PJ Margo, Prathibha Biotech and Zytex Biotech. Price, quality and distribution network are some of the critical parameters on the basis of which companies compete in the organized segment.

India Biopesticides Market Future Outlook and Projections

Biopesticides market is likely to showcase a vibrant growth in terms of revenue in FY’2023E. This growth performance has been primarily anticipated on account of growing environmental awareness and education spreading amongst the Indian farmer fraternity as stimulated by combined efforts laid by both private and public authorities.

Key Segments Covered

Origin

Microbial

Biochemical Biopesticides

PIPS

Biofungicides Market

Trichoderma Viride and Harzianum,

Pseudomonas Fluorescens,

Bacillus Subtilis/ Pumilus,

Ampelomyces Quisqualis,

Fusarium Proliferatum

Bioinsecticides Market

Bacillus Thuringiensis Variant Kurstaki

Beauveria Bassiana

Verticillium Lecanii

Metarhizium anisopliae

Paecilomyces lilacinus

Others

Bioinsecticides Market

Bacillus Thuringiensis Variant Kurstaki

Beauveria Bassiana

Verticillium Lecanii

Metarhizium anisopliae

Paecilomyces lilacinus

Others

Market Structure

Organized

Unorganized

Crops

Cereals, pulses, oilseeds

Vegetables and fruits

Cash crops

Flowers, spices and tea

By procurement

Indigenous

Imported

Key Target Audience

Biopesticides Companies (emerging and already established)

Biopesticides Distributor

Regulatory Agencies

Microbial Manufacturers

Biochemical/Botanical Manufacturers

Agrochemical Companies

Time Period Captured in the Report:

Historical Period - FY’2013-FY’2018

Forecast Period - FY’2019-FY’2024

Companies Covered:

Eid Parry

T Stanes

Fortune Biotech

Excel Crop care

International Panaacea limited

Biotech International Limited (BIL)   

Kan biosys

Pest control India (PCI)

P J Margo

Prathibha Biotech

Camson Biotech

Zytex

Key Topics Covered in the Report

Executive Summary

Research Methodology

India Biopesticides Market Overview and Genesis, 2013-2018

Comparative Analysis of India Biopesticides Market with Global Market

Value Chain Analysis of India Biopesticides Market

India Biopesticides Market Size, FY’2013-FY’2019

India Biopesticide Market Segmentation, FY’2013-FY’2019

Growth Drivers and Restraints for India Biopesticides Market

Average Price of Key Biopesticides

Snapshot on India Bioherbicides Market

Snapshot on Liquid Formulation of Biopesticides

Decision Making Process Used by Farmers Before Purchasing Biopesticide

Government Policies and Regulations in Biopesticides Market in India

Competitive Scenario of Major Players in India Biopesticides Market, FY’ 2018

Company Profiles of Major Companies in India Biopesticides Market, 2018

India Biopesticides Market Future Outlook and Projections, FY’2019-FY’2024

Analyst Recommendations for India Biopesticides Market

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

India Biopesticides Market Outlook to 2024

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Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91-9015378249

Singapore Real Estate Market Outlook to 2023: Ken Research

The report titled “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)” provides a comprehensive analysis of the real estate space within Singapore. The report covers various aspects including introduction, business models, supply and demand for residential, retail, office and hotel market. The report provides Singapore residential real estate market segmentation by new sales, sub-sales and re-sales, office segmentation by public and private office space, retail market by public and private retail space and hotels by gazette and non-gazetted hotels; comparative landscape, growth drivers, trends and developments, issues and challenges, snapshot on co-working spaces and malls, property buying process and the regulatory framework of the industry. The report concludes with future projections for all the segments and analyst recommendations highlighting the major opportunities and cautions.

Introduction

Singapore real estate industry was observed to attain maturity majorly because the country serves as a global business hub, tourism center and effective residential housing demand in the country. The country started with selling land parcels for commercial development and itself became the largest housing developer. Lack of space and high demand has allowed Singapore to evolve into a modern real estate infrastructure pioneer with mixed developments, environment friendly constructions and architectural marvels at the core of real estate. Being a global business hub, Singapore’s commercial real estate space sees major foreign investments and gain significant revenues from the presence of international players in the market. Increasing tourism allows revenue surge for retail as well as hotel real estate. Growing population and tourist influx into the country has allowed Singapore to become one of the most expensive real estate markets in the world with majority of population living in Government’s HDB properties.

Singapore Residential Real Estate Market

After three years of continuous decline in the prices during 2014-2017, the residential real estate market gained some growth momentum in 2018 with residential property price index rising during 2017-2018. The market noticed strong recovery till first half of 2018 but cooling measures such as curb on foreign ownership and revised guidelines on ABSD and LTV have led to dampened demand in the second half of 2018. One of the main drivers of residential demand is the growing population with majority of the Singaporean population living in HDB flats and condominiums. Landed properties and other planned sales by the Singapore government and the developments submitted for approval were collectively witnessed to capture the remaining market.

Despite the cooling measures and uncertain external environment, prices for private residential properties continued to increase during 2018. Buyers’ sentiments were more subdued as they adopted a “wait and see” approach after the policy changes and given external environment. On the other hand, higher availability of cheaper resale apartment / flats as well as condos in Singapore has been driving the resale market. Resale flats are cheaper as individual owners may not be able to hold on to an investment property if they face a fund crunch or not able to afford the EMIs. The residential real estate market is expected to grow at a positive CAGR over the forecast period 2019-2023. The residential segment will continue to see moderate increase in prices as the sector faces continuous low demand side pressure. Prime properties at preferred locations are still expected to be the hotspot locations with high asking price. A greater migration to the central Singapore, growing population and swelling middle class are creating additional demand for urban real estate including residential housing.

Singapore Retail Real Estate Market

The retail estate market within Singapore was observed to take a fall during the review period 2013-2018. Occupancy of retail space in fringe area registered highest decline majorly due to the completion of new retail space such as Macpherson Mall and Raffles Holland V in the region. Retail real estate in Singapore is evolving with customer engagement and is further moving towards an activity based approach to tackle offline market space. The market has been witnessing technology integration in existing and upcoming projects.

Private retail space within Singapore real estate market was observed to dominate in terms of available area in the year 2018. The private retail space includes limited large scale players capturing majority of the market. Some of the leading real estate players include operating within the country’s retail space including Capitaland, City Development, Frasers Property Ltd., UIC, UOL and United Engineers. All the major malls and retail outlets in Singapore are owned by Private retail players. This includes the retail space in the famous Orchard area of Singapore which is a retail hub and completely owned by private players. Whereas on the other hand, HDB and Government Occupancy make up the public retail real estate space which captured limited share and mostly consists of retail outlets within the HDB projects.

Singapore Office Real Estate Market

Singapore office real estate market in terms of rental revenue was witnessed to increase during the review period 2013-2018. The net absorption rate of Grade A offices within Singapore office space was good during 2013-2014 majorly in the CBD (central business district) area. Leasing demand further continued to rise from a wide range of industries coupled with the rising trend of co-working operators which has significantly contributed towards market revenue. Major deals in the CBD included the sale of 55 Market Street and the office component of OUE Downtown.

Private office space within Singapore real estate market was observed to clearly establish itself as market leader in terms of available area during the year 2018. Tech and Co-working firms continue to drive majority of the private office space supply. Singapore office real estate market is further projected to grow during the forecast period 2019-2023. Rents are projected to maintain an upward trajectory as supply pipeline dries up. Solid pre-commitments for new development are a healthy sign of vacancy going down in the upcoming years. Co-working spaces and large technology firms are further expected to drive the office space demand and the Singapore government’s decentralization strategy will take off some pressure from CBD area.

Singapore Hotel Real Estate Market

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

In terms of total room revenue, hotel space within Singapore real estate industry is further expected to grow during the forecast period 2019-2023. The market revenues are further anticipated to increase on account of increasing demand and supply of rooms. Gazetted hotels are expected to lead the supply of rooms as non-gazetted hotels show signs of stagnancy.

Comparative Landscape in Singapore Real Estate Market

The real estate industry within Singapore is further characterized by high levels of competition, an increasing demand for newer properties and commercial activities along with rising population in the country. Competition stage within the country’s real estate space was observed to be moderately concentrated along with the presence of major players such as CapitaLand, Frasers Property Ltd, UOL Group, City Developments, APAC Realty, Chip Eng Seng and Roxy-Pacific Holdings and other small players.

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 the Report:-

Executive Summary

Research Methodology

Singapore Real Estate Market Overview and Genesis

Singapore Real Estate Market Business Model

Singapore Residential Real Estate Market, 2016-2023

Singapore Retail Real Estate Market, 2013-2023

Singapore Office Real Estate Market, 2013-2023

Singapore Hotel Real Estate Market, 2013-2023

Major Investment Pockets in Singapore Real Estate Market

Trends and Developments in Singapore Real Estate Market

Issues and Challenges in Singapore Real Estate Market

Regulation Framework in Singapore Real Estate Market

Comparative Landscape in Singapore Real Estate Market

Property Buying Process in Singapore Real Estate Market

Analyst Recommendations for Singapore Real Estate Market

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

Singapore Real Estate Market

Related Reports:-

Hungary Real Estate Market Outlook to 2022 - by Residential (Dwellings Constructed by Regions, by Builders Type, Holiday Units Constructed by region, Dwellings Leased by Regions, Dwellings Sold by Regions), by Commercial, Retail and Hotel

Qatar Real Estate Market Outlook 2021 - Economic Diversification and FIFA World Cup 2022 to Support Infrastructure Development

Middle East Real Estate Market Outlook to 2019 - Demand for Destination Retail and Affordable Housing to Shape Future

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