pstrongThe sector accounted for 47.1% of investment deals./strong/p pResidential deals accounted for almost half of investment sales activity in Singapore in 1Q24, data from Knight Frank showed./p pThe residential sector recorded a total sales value of $2b, accounting for 47.1% of investment deals.
Residential deals accounted for almost half of investment sales activity in Singapore in 1Q24, data from Knight Frank showed.
A significant portion of the residential investment sales in 1Q24 consisted of government land sales sites designated for residential purposes, situated at Orchard Boulevard, Plantation Close, and Media Circle, which had a total value of $1.2b.Knight Frank attributed the downturn to foreign buyers deterred by the prohibitive Additional Buyer's Stamp Duty rate introduced in April 2023....there are many ways you can work with us to advertise your company and connect to your customers.
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Outbound Investments from Singapore Drop 54.3% in 1Q24Outbound investments from Singapore have dipped 54.3% QoQ and 94.9% YoY to $911m in 1Q24, data from MSCI Real Assets showed. Knight Frank said the drop is likely a result of market sentiment remaining “tentative and cautious.”
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Singapore tops SEA in tech funding with US$604M in 1Q24pstrongHomegrown Capillary had the highest funding round during the period./strong/p pSingapore continues to lead Southeast Asian cities in tech funding, raising US$604 in 1Q24./p pBehind Singapore are Jakarta (US$85.7m), Ho Chi Minh (US$33.2m), Taguig ($32.1m), and Watthana (US$11.0m).
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Private Residential Property Prices in Singapore Rise at Slower PacePrivate residential property prices in Singapore rose at a slower clip in the first quarter of 2024 as transaction volumes shrank, weighed down by rising retrenchments, slowing wage growth and still-high interest rates.
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Commentary: Bright prospects for Singapore-Malaysia ties in 2024, but strong commitment needed on both sidesThe recent progress in bilateral ties between Singapore and Malaysia points to a need to ensure consistency and continuity in improving diplomatic relations, says this RSIS research fellow.
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Singapore Discovery Centre becomes first energy-positive museum in SingaporeThe Singapore Discovery Centre is the first museum in Singapore to generate more electricity than it consumes. The decades-old attraction became energy-positive after generating about 30 per cent more energy on average than it needed from October to February.
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Report shows gov’t is still number 1 trusted institution in Singapore —Singapore Newsin contrast to Singapore’s results, government is distrusted in 17 out of the 28 countries surveyed, including the United States
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