Singapore Real Estate Market is Characterized by High Levels of Competition, Limited Demand for Newer Properties and Rising Commercial Activities: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 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 Tags: APAC Realty Real Estate Singapore, Challenges For Real Estate Singapore, Chip Eng Seng Corporation Real Estate Singapore, City Development Real Estate Market Singapore, Co-Working Ecosystem Singapore, Co-Working Facilities In Singapore, Co-Working Spaces In Singapore, Co-Working Spaces Rents Singapore, Cooling Measures Singapore Real Estate Market, En-Bloc Sales Market Singapore, Frasers Property Real Estate Market Singapore, Grade A Office Space Singapore, Housing Development Board Singapore, Industri Harta Tanah Singapura, Industry Research Report Of Singapore Real Estate, Major Co-Working Operators Singapore, Major Office Real Estate Areas Singapore, Major Singapore Hotels Market, Market Research Report Of Singapore Real Estate, New Sales Singapore Residential Market, Office Real Estate Demand Singapore, Office Real Estate Market Size Singapore, Pasaran Berdasar Tanah Singapura, Pasaran Harta Tanah Awam Runcit Singapura, Pasaran Harta Tanah Pejabat Singapura, Pasaran Harta Tanah Singapura, Pasaran Runcit Peribadi Swasta Singapura, Private Retail Real Estate Market Singapore, Re Sales Singapore Real Estate Market, Real Estate Industry In Singapore, Real Estate Market In Singapore, Real Estate Market Regulations Singapore, Residential Supply Singapore, Retail Real Estate Market Trends Singapore, Retail Real Estate Rents Singapore, Retail Real Estate Supply Singapore, Roxy-Pacific Holding Real Estate Singapore, Singapore Capitaland Real Estate Market, Singapore Hotel Real Estate Market, Singapore Hotel Real Estate Statistics, Singapore Office Real Estate Market, Singapore Property Price Market, Singapore Public Retail Real Estate Market, Singapore Real Estate Business Models, Singapore Real Estate Classified Market, Singapore Real Estate Industry, Singapore Real Estate Industry Research Report, Singapore Real Estate Market, Singapore Real Estate Market Analysis, Singapore Real Estate Market Competition, Singapore Real Estate Market Drivers, Singapore Real Estate Market Forecast, Singapore Real Estate Market Future Outlook, Singapore Real Estate Market Growth, Singapore Real Estate Market Major Players, Singapore Real Estate Market Opportunities, Singapore Real Estate Market Overview, Singapore Real Estate Market Research Report, Singapore Real Estate Market Revenue, Singapore Real Estate Market Scope, Singapore Real Estate Market Segmentation, Singapore Real Estate Market Shares, Singapore Real Estate Market Size, Singapore Real Estate Market Trends, Singapore Residential Real Estate Market, Singapore Retail Real Estate Market, Sub Sales Singapore Real Estate Market, Types Of Office Spaces Singapore, UOL Real Estate Market Singapore, Upcoming Hotels Singapore, Upcoming Office Real Estate Projects, Upcoming Retail Projects Singapore, Urban Redevelopment Authority Singapore