Singapore Property Cooling Except For Industrial Space

Singapore’s private home prices fell for the first time in five quarters in the July to September period as the private home price index fell 1.1%. Meanwhile, the latest URA data has shown that the office rental index (Central Region) registered a 0.5% quarter-on-quarter decline as vacancy spiked by almost 8%. So is it all doom and gloom for Singapore property and what is the outlook for 2025? Alan Cheong, Executive Director, of Savills Singapore tell us his perspective.

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