Savills Singapore

Exciting Announcement! Merx A Savills Company is now officially rebranded as Savills Projects. This evolution will integrate our regional capabilities, enhancing our service approach and empowering us to offer even greater support to our valued clients. #SavillsProjects #Innovation #Excellence #ProjectManagement

Our Savillians came together in their red and white in celebration of Singapore’s National Day! #savillssg #redandwhite #SingaporeNationalDay #oursavillians

Strata industrial sales in Singapore surged by 42.9% QoQ in Q2 2024 - Savills According to Savills Research, strata industrial sales activity highest level in almost two years driven by bulk sales of multiple-user factory and warehouse spaces. The occupancy rates for older business parks remain under pressure, says Alan Cheong (GradStat), Executive Director, Research & Consultancy, Savills Singapore. Savills Research reveals that strata industrial sales activity has seen a recovery of 42.9% quarter-on-quarter (QoQ) to 513 transactions in the second quarter, the highest level in almost two years. This is largely driven by the sales increase in multiple-user factory and warehouse spaces. While the major contribution was mainly because of the sale of a portfolio of 44 units at Cititech by City Developments Limited, another significant contribution came from the sales for a multiple-user factory – Food Ascent – the new ramp-up food factory launched for sale in Q1/2024. Read more published on RETalk Asia: https://lnkd.in/ecXdEZKZ The ASEAN Developer COMMO Savills Savills Singapore Alan Cheong (GradStat) Sally Tan Chris Marriott Simon Smith Marcus Loo Sophia Lim Martin Fidden Derrick Tan #savills #savillsresearch #savillssingapore #singapore #singaporerealestate #industrialrealestate #industrialrealesatesingapore #industrialproperty #warehouses #factories #businessparks #industrialrents #industrialsales #strataindustrialsales

Savills Research shares that overall rents for 1-to-5-bedroom non-landed properties, excluding outliers, in Q2 have dropped slightly by 0.72% on a quarterly basis. This was an improvement from a 1.8% decline in the first quarter.   Unchanged from Q1, monthly rents for 3-bedroom units in Districts 1 (Boat Quay/Marina /Raffles Place), 4 (Harbourfront/Telok Blangah) and 9 (Orchard/River Valley) still top the list at S$8,900, S$8,300 and S$7,500.      George Tan, Managing Director, Livethere Residential, Savills Singapore says, “We are expecting 9,600 units to be completed this year versus 19,376 new units that were completed last year. Though there is current stock still in the market, rents are stabilising. This is likely due to the stock slowly being absorbed.”   Alan Cheong (GradStat), Executive Director, Research & Consultancy, Savills Singapore comments, “Although rents are appearing to be pulling out of a dive, it is increasingly the norm that once a tenant vacates, the unit will take a month or two to be let out unless the landlord lowers the rent significantly. By ‘significant’, it may mean asking for rents achieved in mid-2022. Less well-maintained units may also find it harder to find tenants because there is no lack of stock from newly completed units. Probably beginning from this time on, as rents in the private residential market fall more, it may draw away tenants from the HDB market.”   Read more here: http://sav.li/b9p   #savillssg #savillsresearch #Q22024 #q2rentalguide #privateresidential #rents George Tan Jocelyn Choong Josephine Sin, GMS Pamela Lai Angela Koh Jasmine Eng Jennifer Ng Fion Wong Eleanor Tan Rowena Teo Walter Teo Joey TEO Anni Kum

Now's the time for investing in warehousing and logistics sector driven by manufacturing & e-commerce growth. Taiwan's semiconductor industry is flourishing, and Vietnam's evolving supply chain indicates substantial growth potential. Visit our website and connect with our Industrial team for expert insights and to capitalise on these emerging markets. http://sav.li/b8h #logisticsindustry #realestatemarket #realestateinvestment #SavillsLogistics

How will the luxury retail market in Asia Pacific fare in 2024, and how will this impact the retail real estate markets in the region? Nick Bradstreet, Head of Asia Pacific Retail, and Simon Smith, Head of Research & Consultancy, Asia Pacific share their insights into some of the real estate trends and long-term growth prospects for the luxury retail market in the region.   Read more here: http://sav.li/b98   #savillssg #luxuryretail #apacretail #apac #outlook #realestatetrends #retailrealestate #retailrents #retailsales #realestateinvestment #growthprospects #growth

Singapore Business Review: Savills Research reveals that strata industrial sales has recovered in Q2, surging 42.9%. The report notes that the vacancy level for business parks has dropped QoQ to 21.7% in Q2 after six consecutive quarters of increase.   High-spec industrial spaces, especially those with good amenities and accessibility, posted an average rental increase of 0.6% QoQ in Q2.   Sally Tan, Senior Managing Director and Head of Client Solutions at Savills Singapore, notes that whilst demand for older business parks has declined, rental growth continues, particularly in newer clusters.   Alan Cheong (GradStat) Cheong, Executive Director of Research & Consultancy at Savills Singapore, observes that the limited supply of multiple-user factories this year could drive rent increases, especially as these smaller units are popular with tenants looking to reduce overheads.   Read the insights here: http://sav.li/b97   #savillssg #savillsresearch #q22024 #q2industrialreport #industrial #strata #businesspark #highspecindustrial #industriallogistics #logistics #industrialleasing #industrialrents #rentalgrowth Zhen Zeng Wen Fang Tai Boon Kiat Tang Tyrese Low Jessica Kwan Cheryl Toh 

EdgeProp Singapore: Savills Research reports that the industrial market saw mixed performance in the second quarter. Industrial leasing volume has declined 5.3% year-on-year (YoY) as leasing demand softened across most segments.   Single-use factory spaces saw leasing volume plunging 27.3% YoY — the lowest since 2020. Leasing volume for multiple-user factory spaces remained relatively flat, while warehouses recorded a marginal increase.   Alan Cheong (GradStat), Executive Director of Research and Consultancy at Savills Singapore, believes that multiple-user factory rents may see some growth during the rest of the year, backed by a low supply pipeline. The rental growth forecast has been revised for multiple-user factories for the whole year from 0% to between 0% and 2.2%. He maintains his full-year rental growth forecast of 0% to 3% for warehouse and logistics space.   Read more here: http://sav.li/b96   #savillssg #savillsresearch #q22024 #q2industrialreport #industrial #warehouse #multipleuser #factory #industriallogistics #logistics #industrialleasing #industrialrents #vacancy Zhen Zeng Wen Fang Tai Sally Tan Boon Kiat Tang Tyrese Low Jessica Kwan Cheryl Toh 

Savills Singapore donated over 20 bicycles built by our Savillians during the recent Savills Challenge 2024 to Willow Dormitories. The bicycles were assembled from scratch and given to migrant workers .Through, this initiative we hope to support the migrant worker community in Singapore by alleviating their long term commute and facilitating their day-to-day activities. #savillsg #savillschallenge #bicycle #migrantworkers #community #donation Chris Marriott Marcus Loo Sally Tan Sulian Tan-Wijaya Alan Cheong (GradStat) George Tan Ashley Joseph Swan Jeremy Lake Jacqueline Koh, ChFC, CFP Kok Hong Chan Winnie Wong Chee Charn Tang Robin Leow FRICS Vincent L. Martin Fidden Simon Raper FCSD, BA (Hons) Ng Cynthia Jason Doan Thuan Hai Roel de Both MSc. BA, WELL AP Will Forwood Elsley Ang, CVA, CA Samuel Han JianChou Adrian Lim Ruben Koh  

Need to track and showcase environmental, social, and governance (ESG) metrics, from energy efficiency and waste reduction to occupant well-being and community impact? Our ESG advisory team can help you leverage LEED data to create compelling ESG reports that demonstrate measurable impact to your stakeholders. Connect with our experts : http://sav.li/b78 #LEED #SavillsESG #Sustainability #GreenBuilding #ImpactMeasurement #SustainabilityReporting