Private residential market languid for most parts of 3Q 2014
|
|
- Audrey Austin
- 5 years ago
- Views:
Transcription
1 Research & Forecast Report Singapore Residential 3Q 2014 Accelerating success. Private residential market languid for most parts of 3Q 2014 Sharp pullback in launches and sales volume Market activity in the private residential property market was languid at best for most parts of 3Q 2014, save for the pickup in new home launches towards the end of the quarter. Besides the continued enforcement of government curbs and stringent financing regulations, the Hungry Ghost Festival (the seventh lunar month), which stretched from 27 July to 24 August, also kept some homebuyers at bay, as the Chinese traditionally regard this period as an inauspicious time to commit to home purchases. Specifically, new home sales, which languished at a monthly average of less than 500 units in the months of July and August, improved only in September to 648 units. Cumulatively, buying momentum slowed and the number of new units sold fell 39.9% quarter-on-quarter (QoQ), bringing 3Q 2014 s sales tally to 1,582 units the lowest level since 419 units were sold during the onset of the global financial crisis in 4Q sharp pullback in launch volume to 1,377 units in 3Q 2014, half of the 2,843 units released in 2Q In particular, launch activity was visibly subdued in the Outside Central Region (OCR) where developers released a mere 527 new mass-market homes, 67.9% lower than the 1,640 new homes released in the preceding three months. Launch activity was visibly subdued in the Outside Central Region In 3Q 2014, UOL Group launched Seventy Saint Patrick s in the OCR. The 186-unit project proved to be popular with homebuyers who took up 110 of the 140 units launched. The proximity of the project to the Marine Terrace Mass Rapid Transit (MRT) station on the future Thomson East Coast Line (TEL) as well as its freehold tenure helped to draw homebuyers. Prices achieved ranged from $1,400 to 1,795 per sq ft in the quarter ending in September. Aside from Seventy Saint Patrick s, primary market buying activity in the suburban areas was generally limited to popular projects launched in the earlier quarters, such as The Panorama in Ang Mo Kio, Lakeville in the Jurong Lake District and Coco Palms in Pasir Ris, which sold 80 units, 74 units and 57 units, respectively, in 3Q Nonetheless, the absence of major project launches caused a steep dent in the sales volume of new homes in the OCR by 55.3% QoQ to 742 units in 3Q As a result, the mass market segment, which has been dominating primary market sales since 3Q 2010, accounted for only 38.3% of all units launched and 46.9% of all units sold in 3Q Developers who had already anticipated the lull chose to focus their marketing efforts on moving units in previously launched developments instead of releasing new projects. This led to a
2 Geographical Distribution of New Units Launched & Sold in 2Q 2014 projects. Homebuyers picked up 11 units at the 120-unit Bijou by Far East Organisation. Prices achieved for the project located along Jalan Mat Jambol in Pasir Panjang ranged between $1,878 and $2,253 per sq ft in the quarter ending in September. Along Mergui Road, developer Forte Development Pte Ltd managed to sell 17 units of the 106-unit Forte Suites at prices between $1,622 and $1,885 per sq ft in September, its launch month. Separately, a total of 159 units were sold at popular projects launched in the earlier quarters such as Commonwealth Towers, Riverbay, Sky Habitat, Guillemard Suites and Eight Riversuites. Source: URA/Colliers International Research Selective buying seen in the Rest of Central Region In the Rest of Central Region (RCR), market response was mixed. While pent up demand helped to support the sales of new projects located in neighbourhoods that have seen limited launch activity, response was muted at other projects. Over at City Gate, the launch of the residential component, which comprises 311 residential units sitting atop a threestorey retail podium, met with a healthy response. Developers Fragrance Group and World Class Land released 150 units from the 99-year leasehold project located along Beach Road and in close proximity to the upcoming Nicoll Highway MRT station; 105 units were sold at prices ranging from $1,647 to $2,130 per sq ft during the July to September quarter. Another mid-tier project that did well was the 99-year leasehold Highline Residence. The 500-unit project, developed by Keppel Land, is located in the largely popular Tiong Bahru enclave, which has not seen a new launch in seven years. The project, which offers one- to four-bedroom configurations, lies within walking distance of the Tiong Bahru MRT station. By the close of the quarter, 142 of the 160 units launched were sold at prices ranging from $1,599 to $2,245 per sq ft. At The Citron Residences, developer Goodland Group Limited moved 40 of the 49 units launched at the 54-unit project. Homebuyers paid prices between $1,400 and $1,835 per sq ft in 3Q 2014 for the freehold project located within walking distance of the Farrer Park MRT station. All in all, launch volume in the RCR fell 28.5% QoQ to 710 units while the number of mid-tier homes sold slid 24.3% QoQ to 664 units in 3Q These accounted for 51.5% of all units launched and 42.0% of all units sold in the quarter. The Core Central Region (CCR) was the only region to see some improvement in sales activity, after moving less than 150 units per quarter in the first half of Although launch volume fell 33.3% QoQ to 140 units, home buying momentum picked up in the three months from July to September with 176 highend homes sold, up 85.3% QoQ. Notably, 55 units were released from the 134-unit Robin Residences in 3Q Developer Sing Holdings Pte Ltd found buyers for 21 units in the freehold project located along Robin Road at prices ranging from $1,941 to $2,450 per sq ft by the end of September Sales performance also improved at some previously launched projects. For instance, The Vermont on Cairnhill, located along Cairnhill Rise, moved 37 units in 3Q 2014 after its developer reportedly cut prices by about 15%, while RV Residences along River Valley Road sold another 17 units during the quarter. Despite the mild improvement, market performance in the CCR continued to pale in comparison to the other market segments. Consequently, the market share of the high-end/ luxury segment continued to take the smallest piece of the pie, accounting for 10.2% and 11.1% of islandwide new home launch and sales volumes, respectively. Despite the mild improvement, market performance in the CCR continued to pale in comparison to the other market segments. Other RCR projects launched in the quarter include smaller projects such as Bijou and Forte Suites. Sales momentum was relatively slower at both of these fully-launched freehold 2 Research & Forecast Report 3Q 2014 Residential Colliers International
3 New Project Launches Sample List of Newly-Launched Residential Projects for 2Q 2014 DEVELOPMENT LOCATION TENURE TOTAL NUMBER OF UNITS IN DEVELOPMENT UNITS LAUNCHED IN 3Q 2014 UNITS SOLD IN 3Q 2014 TRANSACTED PRICE RANGE ($ PER SQ FT) NON-LANDED Bijou Jalan Mat Jambol Freehold ,878-2,253 City Gate Beach Road 99 years ,647-2,130 Forte Suites Mergui Road Freehold ,622-1,885 Highline Residences Kim Tian Road 99 years ,599-2,245 M5 Jalan Mutiara Freehold ,910 One Duchess Duchess Road 999 years ,131-2,413 Robin Residences Robin Road Freehold ,941-2,450 Seventy Saint Patrick's St. Patricks Road Freehold ,400-1,795 The Citron Residences Marne Road Freehold ,400-1,835 Balestier Balestier Road Freehold ,556 THE SORRENTO One Surin Surin Avenue Freehold Source: URA/Colliers International Research Private home prices continue to head south amid soft market sentiments Amid the prevailing soft market sentiments, prices of private homes in Singapore registered the fourth continuous quarter of decline according to the Urban Redevelopment Authority s (URA) preliminary estimates for 3Q Overall, the private residential property price index showed that home prices eroded by 0.6% QoQ slower than the 1.0% QoQ decline recorded in 2Q While prices of non-landed private residential properties retreated on a market-wide basis, the pace of decline was comparatively mild in all three market segments. Generally, the stalemate between sellers with strong holding power and buyers who have been refraining from making purchases in the near term led to a price impasse and this provided some level of support for prices in 3Q In the CCR, prices dipped 0.9%, compared to the 1.5% decline in 2Q 2014 while in the RCR, prices slipped 0.1% following the 0.4% fall in the preceding quarter. Prices in the OCR fell 0.2%, a moderation from 2Q 2014 s 0.9% decline. Residential Property Price Movement Quarter-on-Quarter Change in Price Indices of Private Residential Properties Source: URA PERIOD ALL RESIDENTIAL CORE CENTRAL REGION NON-LANDED RESIDENTIAL REST OF CENTRAL REGION OUTSIDE CENTRAL REGION 3Q % -0.3% -0.9% 2.2% 4Q % -2.1% 0.4% -1.0% 1Q % -1.1% -3.3% -0.1% 2Q % -1.5% -0.4% -0.9% 3Q 2014* -0.6% -0.9% -0.1% -0.2% *Flash Estimate Luxury/super-luxury segment still in the doldrums In contrast, with acute affordability concerns in the current home purchasing environment proving to be a formidable push factor, Colliers International s research showed that the average capital value of luxury and super-luxury apartments softened by a steeper 2.1% QoQ following 2Q 2014 s 1.1% fall to $2,584 per sq ft. In the rental market, leasing activities picked up following the seasonal summer break lull. While tenants continued to enjoy stronger negotiating powers in light of the many choices 3 Research & Forecast Report 3Q 2014 Residential Colliers International
4 available in the market, well-maintained and attractivelylocated homes were able to hold rents. Supported by healthy leasing demand, Colliers International s research showed that the average monthly gross rents of luxury/super-luxury apartments slid by a milder 0.5% QoQ to $5.17 per sq ft per month as of 3Q 2014, following the 1.4% QoQ fall in 2Q Average Capital Values and Monthly Gross Rents of Luxury (Including Super Luxury) Apartments islandwide private residential property price index, which slid by some 2.9% over the January to September period, is forecast to continue trending south in the final quarter of 2014, although the full-year fall is not expected to exceed 5%. With no immediate relief in sight for the pricier luxury/super-luxury apartment segment that has been languishing in the doldrums, prices could slide by about 10% for the year as a whole given that they have already eroded by 6.9% in the first nine months of the year. With regard to the leasing market, leasing activities traditionally slow down over the October to December year-end festive season. With a mounting supply of high-end apartments vying for a limited pool of tenants amid an increasingly competitive leasing environment, this may exert further downward pressure on rents in 4Q Consequently, average monthly gross rents of luxury/super-luxury apartments, which have fallen 3.9% over the January to September period, could decline by about 5% for the whole of Source: Colliers International Research the average monthly gross rents of luxury/superluxury apartments slid 0.5% QoQ to $5.17 per sq ft per month as of 3Q 2014 Mounting downside risks to temper demand for homes and weigh on prices Over the last three months of the year, with the private residential property market continuing to operate amid the strict financing and regulatory environment, mounting downside risks are likely to further temper demand for homes and weigh down prices. This is on the back of uncertainties in the global arena, which are expected to generate turbulence in the financial markets and hamper growth in the domestic economy. Additionally, longstanding threats of an impending interest rate increase and a looming supply of homes remain. With homebuyers maintaining a cautious stance, the take-up of new homes in 2014 could potentially fall to between 7,000 and 8,500, taking into consideration the sales tally of 5,991 units accumulated over the first nine months of the year. This is down from 2013 s 14,948 units. Despite the market-wide slowdown, homebuyers were observed to be attracted to well-located projects in areas with growth potential, particularly those with enticing price points. This will provide the impetus for developers to price their projects competitively to drive sales. Consequently, the 4 Research & Forecast Report 3Q 2014 Residential Colliers International
5 485 offices in 63 countries on 6 continents United States: 146 Canada: 44 Latin America: 25 Asia: 38 ANZ: 148 EMEA: 84 Contact: Chia Siew Chuin Director singapore.research@colliers.com Colliers International Singapore 1 Raffles Place #45-00 One Raffles Place Singapore TEL FAX RCB No E US$2.1 billion in annual revenue 1.46 billion square feet under management 15,800 professionals and staff About Colliers International Colliers International is a global leader in commercial real estate services, with over 13,500 professionals operating out of more than 482 offices in 62 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world. colliers.com Copyright 2014 Colliers International. The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.
Industrialists and landlords to brace for challenges in 2016
Research & Forecast Report SINGAPORE INDUSTRIAL Q1 2016 Industrialists and landlords to brace for challenges in 2016 Doreen Goh Associate Director, Research and Advisory Leasing activities in the industrial
More informationSharper fall in office rents and capital values
Research & Forecast Report SINGAPORE OFFICE Q1 2016 Sharper fall in office rents and capital values Joanna Chen Manager, Research and Advisory The office market faces a critical juncture in the next few
More informationStronger Office Market Looking Into Future
Research & Forecast Report Long Island OFFICE MARKET Q2 2015 Stronger Office Market Looking Into Future Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B Long Island economic and
More informationPRIVATE RESIDENTIAL PRICE STAYED STABLE DESPITE COOLING MEASURES AND UNCERTAIN EXTERNAL ENVIRONMENT IN Q3 SINGAPORE RESEARCH RESIDENTIAL
RESEARCH RESIDENTIAL Q3 218 RESIDENTIAL MARKET SNAPSHOT All Private Residential Property Price Index 149.7 8.8% increase yoy Total Transaction Volume* (Q3 218) 5,812 units 28% decrease yoy *Transaction
More informationPrivate Residential Market REAL ESTATE DATA TREND Q3 2018
Private Residential Market REAL ESTATE DATA TREND Q3 2018 Duo Residences Page 1 Notwithstanding the recent property cooling measures, the private residential market remained resilient in Q3 Sentiment in
More informationWhen Will Singapore s Private Residential Leasing Market Turn Around? June 2016
When Will Singapore s Private Residential Leasing Market Turn Around? June 2016 Rents have been declining in all sub-markets The Urban Redevelopment Authority s (URA) rental index for private homes has
More informationThe Industrial Market Cooled Off in Q1
Research & Forecast Report Long Island industrial MARKET Q1 2016 The Industrial Market Cooled Off in Q1 Rose Liu Director of Finance & Research Long Island Takeaways > > Long Island industrial market slowed
More informationDubai House Price Index First Quarter 2016
Dubai House Price Index First Quarter 2016 Index Points Index Points Executive Summary Overview DUBAI HOUSE PRICE INDEX: QUARTER ON QUARTER The overall quarterly index registered no major change in Q1
More informationThe Rise of the Gold Coast
Research & Forecast Report Long Island OFFICE MARKET Q1 2015 The Rise of the Gold Coast Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B In the first quarter of 2015, Long Island
More information2018: A Ground Breaking Year
Research & Forecast Report STOCKTON SAN JOAQUIN COUNTY OFFICE Q4 2017 2018: A Ground Breaking Year > Office inventory: 8,527,819 > Vacancy: 10.6 percent > Net absorption: 310,934 year-to-date The Northern
More informationREAL ESTATE DATATREND Private Residential Market
REAL ESTATE DATATREND Private Residential Market Keener Sense of Real Estate Market bottom in sight 28 th July 2017 Longest losing streak in prices continues The longest losing streak of Singapore private
More informationThe Improvement of the Industrial Market
Research & Forecast Report Long Island industrial MARKET Q2 2015 The Improvement of the Industrial Market Rose Liu Research & Financial Analyst Long Island Takeaways The overall economy on Long Island
More informationOffice Market Remained Steady in Q4
Research & Forecast Report Long Island OFFICE MARKET Q4 2015 Office Market Remained Steady in Q4 Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B Continuing the momentum, the Long
More informationExecutive Summary. Overview DUBAI HOUSE PRICE INDEX: QUARTER ON QUARTER Q / Q4 2015
Dubai House Price Index Fourth Quarter 2015 Index Points Index Points Executive Summary Overview DUBAI HOUSE PRICE INDEX: QUARTER ON QUARTER The overall quarterly index registered a 3% decrease in Q4 2015,
More informationShrinking Supply Continues To Push Rates
Research & Forecast Report STOCKTON SAN JOAQUIN COUNTY OFFICE Q1 2017 Shrinking Supply Continues To Push Rates > Office inventory: 8,221,819 > Vacancy: 10.5 percent > Net absorption: 49,103 year-to-date
More informationInvestment sales transaction volume moderated in 2Q 2014
Research & Forecast Report Singapore Investment Sales Accelerating success. Investment sales transaction volume moderated in Buying momentum in public and private sectors waned The lack of impetus to sustain
More informationRALEIGH-DURHAM MULTIFAMILY Year End 2017
Research Report -DURHAM MULTIFAMILY Year End 2017 Multifamily Growth Expected to Continue in 2018, Despite a Moderate Decrease in Permitting Totals Emily Bostic Research Analyst Raleigh-Durham Key Takeaways
More informationLand Sales Lighter in Third Quarter
Research & Forecast Report LAND Q3 216 Land Sales Lighter in Third Quarter > > While land sales are up in 216 overall, they decreased in the third quarter Economic Indicators > > Apex continues to dominate
More informationRALEIGH-DURHAM MULTIFAMILY. Multifamily Remains a Smart Play; Triangle Demographics Sustain Demand. Research & Forecast Report.
Research & Forecast Report RALEIGHDURHAM MULTIFAMILY MidYear 2018 Multifamily Remains a Smart Play; Triangle Demographics Sustain Demand Ed Finley Research Analyst RaleighDurham Market Indicators Relative
More informationSTABLE OCCUPANCY DESPITE RAMPED UP SUPPLY
COLLIERS QUARTERLY RESIDENTIAL MANILA Q3 2018 20 NOVEMBER 2018 Joey Roi Bondoc Manager Research Philippines +(632) 858 9057 Joey.Bondoc@colliers.com STABLE OCCUPANCY DESPITE RAMPED UP SUPPLY Summary &
More informationRALEIGH-DURHAM MULTIFAMILY MIDYEAR Demand at an All-Time High, Skyrocketing Same-Unit Rents. Research & Forecast Report.
Research & Forecast Report RALEIGH- MULTIFAMILY MIDYEAR 2015 Demand at an All-Time High, Skyrocketing Same-Unit Rents Market Indicators Relative to prior period VACANCY Raleigh-Durham JAN 2015 Raleigh-Durham
More informationPERSPECTIVE. Private Residential (Landed) Market Review & Outlook. Prices continued to decline 2Q 2015
PERSPECTIVE 2015 Private Residential (Landed) Market Review & Outlook Prices continued to decline Prices continued their decline in the second quarter of 2015, falling 1.0% quarter-on-quarter (QoQ) and
More informationResearch & Forecast Report Singapore Office 4th Quarter 2013 Accelerating success.
Research & Forecast Report Singapore Office 4th Quarter 2013 Accelerating success. Singapore s office property market wrapped up 2013 on firmer footing, with both rents and capital values on the uptrend.
More informationDoha s Residential Market Market Performance, Trends and Affordability
White Paper Residential Market and Affordability Levels Doha November 2014 Doha s Residential Market Market Performance, Trends and Affordability Introduction Ian Albert Regional Director Middle East Colliers
More informationVacancy Increased Slightly During the First Quarter
Research & Forecast Report STOCKTON SAN JOAQUIN COUNTY OFFICE Q1 2016 Vacancy Increased Slightly During the First Quarter > Vacancy rates have been steadily declining since the fourth quarter of 2011.
More informationNEW RECORD HIGH Condominium pre-sales reach historical high, but slower launches threaten 2019 take-up
Joey Roi Bondoc Manager Research Philippines +632 858 9057 Joey.Bondoc@colliers.com NEW RECORD HIGH Condominium pre-sales reach historical high, but slower launches threaten 2019 take-up Summary & Recommendations
More informationHas The Office Market Reached A Peak? Vacancy. Rental Rate. Net Absorption. Construction. *Projected $3.65 $3.50 $3.35 $3.20 $3.05 $2.90 $2.
Research & Forecast Report OAKLAND METROPOLITAN AREA OFFICE Q1 Has The Office Market Reached A Peak? > > Vacancy remained low at 5. > > Net Absorption was positive 8,399 in the first quarter > > Gross
More informationOffice Market Heats Up as Temperatures Cool
Research & Forecast Report RENO OFFICE Q3 2017 Office Market Heats Up as Temperatures Cool >>Vacancy decreased to 11.8% >>Positive net absorption of 36,041 square feet >>Construction is imminent with limited
More informationOffice Market Continues to Improve
Research & Forecast Report LAS VEGAS OFFICE Q3 2016 Office Market Continues to Improve > > Southern Nevada s office market is improving at a steady rate > > Net absorption has been positive in twelve of
More informationSwitching Gears NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators
Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q4 2017 Switching Gears > > Office Inventory: 16,926,446 square feet > > Vacancy: 14 percent > > Net absorption: (562,879) square feet, year to date
More informationRALEIGH-DURHAM MULTIFAMILY Q Unprecedented Investment Sales Crush All-Time Records in Research & Forecast Report.
Research & Forecast Report RALEIGH-DURHAM MULTIFAMILY Q4 2015 Unprecedented Investment Sales Crush All-Time Records in 2015 Market Indicators Relative to prior period - Q4 2014 - Q4 2015 Emily Bostic Research
More informationAffordability 4 Years On
Affordability 4 Years On Measuring Affordability Levels in Abu Dhabi UAE 2018 Affordability 4 Years On 2018 Colliers International 1 Definition of Affordable Housing: The definition of affordable housing
More informationRed Hot Rents & Cooling Vacancy
Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q3 2017 Red Hot Rents & Cooling Vacancy > > Office Inventory: 16,926,446 Square Feet > > Vacancy: 12.9 percent > > Net absorption: (380,946) Square
More informationMANHATTAN OFFICE 2017
Research Report MANHATTAN OFFICE 2017 Accelerating success. % $ ± Market Indicators Full Year 2016 Full Year 2017 Y-O-Y Change AVAILABILITY RATE 10.3% 10.0% -0.3pp AVERAGE ASKING RENT ($/SF/YR) $73.24
More informationLeasing Activity Ticked Up with A Large Upswing of Absorption
Research & Forecast Report LONG ISLAND INDUSTRIAL MARKET Leasing Activity Ticked Up with A Large Upswing of Absorption Rose Liu Director of Finance & Research Long Island Takeaways > > The outlook of the
More informationInvestment Sales Market
2Q 2013 INVESTMENT SALES RESEARCH & FORECAST REPORT SINGAPORE REAL ESTATE MARKET Investment Sales Market Singapore s property investment sales staged a healthy showing in 2Q 2013 despite concerns over
More informationVacancy Edges Lower in Fourth Quarter
Research & Forecast Report FAIRFIELD OFFICE Q4 Vacancy Edges Lower in Fourth Quarter > > Office Inventory: 5,067,112 > > Current Vacancy: 14.2% > > Net Absorption: 63,610 The vacancy rate for office space
More informationCaution: Vacancy Increases Ahead
MARKET REPORT DISTRICT OF COLUMBIA OFFICE Fourth Quarter 2016 Caution: Vacancy Increases Ahead Market Indicators Q4 2016 2017 (Projected) NET Despite year-to-date negative absorption, the Washington, DC
More informationPropertyGuru Property Market Outlook 2018
PropertyGuru Property Market Outlook 2018 PropertyGuru Property Market Outlook 2018 The PropertyGuru Property Market Outlook report is published annually and uses a wide scope of proprietary and public
More informationBriefi ng Residential leasing June 2017
Savills World Research Singapore Briefi ng Residential leasing SUMMARY Image: Echelon at Alexandra View Rents continued to trend lower despite strong showing in leasing transactions in /217. The job market
More informationProperty Take. Singapore Residential. Highlights. 27 Jan Q14 update on HDB resale and rental
Property Take 27 Jan 2015 update on HDB resale and rental Singapore Residential Highlights This report and infographic are rental data for HDB RPI is down 1.5% QoQ and 6% YoY to 137.0 in, from 139.1 in
More informationCANADIAN RECOVERY REMAINS FRAGILE
Q3 OFFICE COLLIERS INTERNATIONAL MARKET REPORT WATERLOO REGION ONTARIO Waterloo Region Well-Positioned for 11 O QUEBEC Ottawa Waterloo Region Toronto Montré Burlingto CANADIAN RECOVERY REMAINS FRAGILE
More informationSoft Land Market in 2017
Research & Forecast Report LAND Q4 217 Soft Land Market in 217 > > Land sales in 217 fell behind 216 > > A lack of large sales at Apex brought the average price per square foot up > > Strong development
More informationHomestretch: Office Market Set to Finish Strong
Research & Forecast Report RENO OFFICE Q3 2016 Homestretch: Office Market Set to Finish Strong >> Vacancy drops significantly the largest drop quarter over quarter in 2016 >> Rental rates are not increasing
More information2.8% 2.0% $811M. 2017: A Solid Year for the Metro Denver Office Sector HIGHLIGHTED METRO DENVER OFFICE. Market Report Q ECONOMIC TRENDS
Market Report METRO DENVER OFFICE Q4 2017 2017: A Solid Year for the Metro Denver Office Sector MARKET OVERVIEW Denver s office market finished 2017 with strong positive absorption during the fourth quarter
More informationPROPERTY INSIGHTS. Market Overview. Increase in residential sales amid weaker market in Singapore Quarter 4, 2015
PROPERTY INSIGHTS Singapore Quarter 4, 215 Increase in residential sales amid weaker market in 215 Market Overview Property investment sales in Singapore in Q4 were boosted by the Government Land Sales
More informationResearch & Forecast Report New Zealand Workplace Report. Occupational trends across New Zealand. Accelerating success.
Research & Forecast Report New Zealand 14 Workplace Report Occupational trends across New Zealand Accelerating success. Introduction In the seventh edition of our biennial CBD office workplace report,
More informationRALEIGH-DURHAM OFFICE Q1 2017
Research & Forecast Report RALEIGH-DURHAM OFFICE Q1 2017 Office Market Remains Stable During First Quarter 2017; Class A Market Continues to Peak Emily Bostic Research Analyst Raleigh-Durham Market Indicators
More informationAPAC REALTY POSTS DOUBLE-DIGIT GROWTH IN NET PROFIT FOR 9M FY2018
APAC REALTY POSTS DOUBLE-DIGIT GROWTH IN NET PROFIT FOR 9M FY2018 Total revenue jumped 26.3% to S$342.1 million in 9M FY2018, mainly due to the increase in brokerage income from the resale and rental of
More informationLow Vacancy Stimulates New Developments
Research & Forecast Report LAS VEGAS MULTIFAMILY Q3 2015 Low Vacancy Stimulates New Developments > > Multifamily vacancy dipped below 5 percent in the third quarter of 2015 ELECTRIC Meter Hookups NEW HOME
More informationVacancy Inches Higher, Despite Continued Absorption
Research & Forecast Report GREATER PHOENIX OFFICE 1Q 2017 Vacancy Inches Higher, Despite Continued Absorption Key Takeaways > > Improving conditions in the Greater Phoenix office market took a pause in
More informationUncertain outlook SINGAPORE OFFICE Q Colliers Quarterly. Expect rent declines to slow. Forecast at a glance.
Net Lettable Area (million sqft) Colliers Quarterly SINGAPORE OFFICE Q4 2016 7 February 2017 This report has been updated on 7 February 2017 and supersedes all previous versions Uncertain outlook Tricia
More informationRent grew in the serviced apartment market
Colliers Quarterly Q4 2016 13 January 2017 BEIJING RESIDENTIAL Rent grew in the serviced apartment market Jamie Xu Analyst North China In light of tightening policies announced by the end of September,
More informationPROPERTY INSIGHTS Q1 Snapshot
PROPERTY INSIGHTS Singapore Quarter 1, 2018 2018 Q1 Snapshot Residential market on the upturn Prices of private residential properties rose significantly in. How do the other market segments fare? Singapore
More informationSolid Fundamentals Keep Nashville Industrial Market Competitive in 1Q
Research & Forecast Report NASHVILLE INDUSTRIAL 1st Quarter Solid Fundamentals Keep Nashville Industrial Market Competitive in 1Q 1Q Summary >> Nashville s industrial vacancy rate increased slightly in
More informationQuick Absorption of Newly Constructed Office Buildings
Research & Forecast Report CHARLESTON, SC OFFICE Q3 2016 Quick Absorption of Newly Constructed Office Buildings Bryana Mistretta Research Coordinator South Carolina Key Takeaways >> The Interstate 526
More informationVacancy Declines for Fifth Consecutive Quarter
Research & Forecast Report FAIRFIELD OFFICE Q1 Vacancy Declines for Fifth Consecutive Quarter > > Office Inventory: 5,056,025 > > Current Vacancy: 17. > > Net Absorption: +36,365 Solano and Napa counties
More informationNATIONAL ASSOCIATION of REALTORS RESEARCH DIVISION. Prepared for Florida REALTORS
NATIONAL ASSOCIATION of REALTORS RESEARCH DIVISION Prepared for Florida REALTORS NATIONAL ASSOCIATION OF REALTORS RESEARCH DIVISION Page 1 Page 3 Page 4 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page
More informationIndustrial Estate Market Report
Research & Forecast Report Jakarta Industrial Estate 4th Quarter 2013 Industrial Estate Market Report Accelerating success. Contents Supply 3 Demand 4 Industrial Land Prices 5 Land Price 5 Maintenance
More informationSingapore Office and Retail Market Overview
38 Mapletree Commercial Trust Singapore Office and Retail Market Overview BY COLLIERS INTERNATIONAL CONSULTANCY & VALUATION (SINGAPORE) PTE LTD 1 MACRO-ECONOMIC OVERVIEW 1.1 Macro-Economic Performance
More informationStrengthening Market Fuels Investment Opportunities
Research & Forecast Report GREENVILLE, SC OFFICE Q3 2016 Strengthening Market Fuels Investment Opportunities Bryana Mistretta Research Coordinator South Carolina Key Takeaways >> Investment sale opportunities
More informationIndustrial Estate Sector
Research & Forecast Report Jakarta Industrial Q1 2016 Accelerating success. Industrial Estate Sector Industrial land sales tapered off with most high performing industrial estates reporting that sales
More informationSECTOR REPORT HOUSING MARKET
SECTOR REPORT HOUSING MARKET UPDATE NOVEMBER 2017 www.colliers.nl 28 DEMAND The number of residential property transactions remained virtually unchanged in the third quarter compared to last year. This
More informationHolding Steady NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators
Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q2 2018 Holding Steady > > Office Inventory: 16,998,288 Square Feet > > Vacancy: 14.5 percent > > Net absorption: 25,027 square feet year-to-date
More information>> Orange County Vacancy Continues to Decline
Research & Forecast Report ORANGE COUNTY OFFICE Accelerating success. >> Orange County Continues to Decline Key Takeaways > The South County submarket led the Orange County market in overall net absorption
More informationQuiet Start to Second Half of 2017
Research & Forecast Report PLEASANTON TRI-VALLEY OFFICE Q3 Quiet Start to Second Half of > The vacancy rate for the Tri-Valley continued its downward slope closing the quarter at 10.0 percent > Weighted
More informationGrowing at a Slower Pace
2Q 2012 market overview research & forecast report hong kong retail market colliers international HONG KONG Growing at a Slower Pace Hong Kong s inbound tourism growth remained resilient, rising 14% YoY
More informationSINGAPORE INDUSTRIAL PROPERTY MARKET OVERVIEW Colliers International Consultancy & Valuation (Singapore) Pte Ltd 29 May 2013
1 Macroeconomic Trends 1.1 Review of Economic Performance in the Past Year According to MTI, Singapore s GDP slowed to 1.3% in 212 from 5.2% in 211. The slower economic growth was mainly due to weakness
More informationGreenville defies the nationwide trend of retail closures
Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON, SC RETAIL Q3 2017 Greenville defies the nationwide trend of retail closures Crystal Baker Research Coordinator South Carolina Key Takeaways >
More informationEverything Old is New Again
MARKET REPORT OFFICE Second Quarter 2016 Everything Old is New Again Market Indicators Q2 2016 2017 (Projected) While the global economy remains on its Jekyll and Hyde path, the District s commercial real
More informationRaleigh-Durham Demand Finally Catching Up With New Supply; More Deliveries to Come
Research Report RALEIGH-DURHAM INDUSTRIAL Q1 2018 Raleigh-Durham Demand Finally Catching Up With New Supply; More Deliveries to Come Key Takeaways > > The demand for industrial space in the Raleigh-Durham
More informationVACANCY COMPLETIONS RENTAL RATE. *Projected $1.70. Vacancy Rate 14.9% 14.4% $1.60 $1.50 $1.40 $1.30 $1.20
Research & Forecast Report RENO OFFICE Q4 A Good Year Overall > Building sale prices are significantly higher than. > Seven buildings over 40,000 sf sold in, more than in previous years. > Many large office
More informationNew Construction Offers Hope to Larger Users
Research & Forecast Report PLEASANTON TRI-VALLEY INDUSTRIAL Q3 2017 New Construction Offers Hope to Larger Users > Vacancy rates in the Tri-Valley industrial market are now down to a record 0.9 percent
More informationReport Highlights. Residential Market Q Snapshot. Valuations Mortgage and Secured Lending Portfolio Valuations
OBSERVER Dubai Market Report Q3 / 218 Services Valuations Mortgage and Secured Lending Portfolio Valuations Advisory and Research Financial Feasibilities Highest and Best Use Studies Market Research Conceptual
More information14 September 2015 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT. JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST
14 September 2015 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 087-328 0151 john.loos@fnb.co.za THEO SWANEPOEL: PROPERTY MARKET ANALYST 087-328 0157
More informationPROPERTY INSIGHTS. Market Overview. Purchase sentiment improved. Singapore Quarter 2, Residential price indices
PROPERTY INSIGHTS Singapore Quarter 2, 2012 Market Overview Purchase sentiment improved While lingering concerns over the eurozone debt problems continued to plague occupier sentiment in Q2 2012, purchase
More informationBuy-to-Let Index Scotland
Buy-to-Let Index Scotland Under embargo until 00:01 Wednesday 24 th February 2016 January 2016 Scotland s tenants move back into the black Six-month low for late rent, with only 11.1% of January rent falling
More informationTHE REAL ESTATE BOARD OF NEW YORK REAL ESTATE BROKER CONFIDENCE INDEX THIRD QUARTER 2016
THE REAL ESTATE BOARD OF NEW YORK REAL ESTATE BROKER CONFIDENCE INDEX THIRD QUARTER 2016 EXECUTIVE SUMMARY REAL ESTATE BROKER CONFIDENCE INDEX THIRD QUARTER 2016 The Real Estate Board of New York s (REBNY)
More informationREAL ESTATE SENTIMENT INDEX 2 nd Quarter 2018
About Real Estate Sentiment Index (RESI) The Real Estate Sentiment Index (RESI) is jointly developed by the Real Estate Developers Association of Singapore (REDAS) and the Department of Real Estate (DRE),
More informationRESEARCH & FORECAST REPORT
Q2 2012 OFFICE LAS VEGAS NEVADA RESEARCH & FORECAST REPORT Recovery Without Job Growth? Despite office employment still trending downwards, Southern Nevada s office market posted positive net absorption
More informationLandlords Getting Aggressive
Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON SOUTH CAROLINA OFFICE Q2 2017 Landlords Getting Aggressive Ron Anderson Vice President of Administration South Carolina Key Takeaways > > Landlords
More informationQ OBSERVER
C H E S T E R T O N S M E N A Q 4 2 0 1 7 OBSERVER Q4 2017 R E P O R T 1 Report Highlights Chestertons MENA Services Valuations Mortgage and Secured Lending Portfolio Valuations Plant and Machinery Appraisals
More informationWeighing Options NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators
Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q4 2018 Weighing Options > > Office Inventory: 16,966,736 square feet > > Vacancy: 15 percent > > Net absorption: (35,823) square feet, year to date
More informationProperty. Mashreq. Economic Overview. Wealth Gauge
Wealth Gauge Volume 23 November 2015 Economic Overview In spite of the dip in Global Oil prices the GDP for 2015 grew at 3.5. The UAE economic growth is expected to slow down and grow at 2.9 in 2016 driven
More information>What constitutes a. Big Box Vacancy Decreases for First Time in Two Years. CHICAGO BIG BOX First Quarter Research & Forecast Report
Research & Forecast Report CHICAGO BIG BOX First Quarter 018 Big Box Vacancy Decreases for First Time in Two Years Craig Hurvitz Vice President Chicago The vacancy rate for the Chicago market s big box
More informationOFFICE AND RETAIL STRATA MARKETS REMAINED MUTED, WHILE SHOPHOUSES RECEIVED SUSTAINED BUYING INTEREST IN H1 2017
H1 21 BIANNUAL RESEARCH BULLETIN SINGAPORE COMMERCIAL SALES OFFICE AND RETAIL STRATA MARKETS REMAINED MUTED, WHILE SHOPHOUSES RECEIVED SUSTAINED BUYING INTEREST IN H1 21 Strata-Titled Offices: Total transaction
More informationKey Market Indicators. Supply. Total Stock 2.88 million sq m Vacancy rate 8.7% Class А 1.13 million sq m Class В 1.75 million sq m
thousand Key Market Indicators Total Stock 2.88 million Vacancy rate 8.7% Class А 1.13 million Class В 1.75 million Completions volume 2017 116,100 Class А 6.3%, Class В 10.3% Weighted average rental rate,
More informationStrong Industry and Robust Development Benefit Industrial Market at Mid-Year 2016
Research & Forecast Report NASHVILLE INDUSTRIAL 2nd Quarter 2016 Strong Industry and Robust Development Benefit Industrial Market at Mid-Year 2016 2Q 2016 Summary > > The tightening market coupled with
More informationOverall Industrial Market Off to Solid First Quarter; Flex Market Rebounding
Research & Forecast Report RALEIGH-DURHAM INDUSTRIAL Overall Industrial Market Off to Solid First Quarter; Flex Market Rebounding Emily Bostic Research Analyst Raleigh-Durham Key Takeaways > > The Triangle
More informationREAL ESTATE SENTIMENT INDEX 1 st Quarter 2016
About Real Estate Sentiment Index (RESI) The Real Estate Sentiment Index (RESI) is jointly developed by the Real Estate Developers Association of Singapore (REDAS) and the Department of Real Estate (DRE),
More informationLOCALE CONNECTIVITY SPACE / DISCOVER THE POTENTIAL OF WHAT S TO COME
LOCALE / / CONNECTIVITY / / / SPACE / Caf /Retail/MRT DISCOVER THE POTENTIAL OF WHAT S TO COME BIJOU, a development where sophisticated living transcends into an expression of one's individuality. Where
More information>> Orange County Rents Increase to Start 2017
Research & Forecast Report ORANGE COUNTY OFFICE Accelerating success. >> Orange County Rents Increase to Start 2017 Key Takeaways > The Orange County office market saw positive demand for the first part
More informationDomain.com.au House Price Report December Quarter 2015
Domain.com.au House Price Report December Quarter 2015 Dr Andrew Wilson Senior Economist for Domain.com.au Key findings Record drop in Sydney median house prices over the December quarter Melbourne and
More informationWith Low Vacancy, What Is Next?
Research & Forecast Report PLEASANTON TRI-VALLEY INDUSTRIAL Q3 With Low Vacancy, What Is Next? > Vacancy rates continue to fall, reporting 5.4 percent for the third quarter. > Asking rates climb to $0.72
More informationPROPERTY INSIGHTS. Market Overview. Residential sales remain resilient amid uncertainty. Citigold Private Client. Singapore Quarter 1, 2016
Citigold Private Client PROPERTY INSIGHTS Singapore Quarter 1, 216 Residential sales remain resilient amid uncertainty Market Overview Investment sales fell to $1.75bn in Q1 216 from $6.7bn in. The investment
More informationLegal Industry: Bigger No Longer Better
MARKET REPORT DISTRICT OF COLUMBIA OFFICE First Quarter 2017 Legal Industry: Bigger No Longer Better After a strong end to 2016, leasing activity in the beginning of 2017 started with a whimper. Just two
More informationMonthly Market Snapshot
SEPTEMBER 2018 Vacancy continues to fall. Nearing the end of the third quarter, the vacancy rate dropped 10 basis points to 6.4%, compared to this time last month at 6.5%. Occupancy of the 1.1 million
More informationPROPERTY INSIGHTS. Market Overview. Investment sales rebounded amid uncertainty. Singapore Quarter 2, 2016
PROPERTY INSIGHTS Singapore Quarter 2, 2016 Investment sales rebounded amid uncertainty Market Overview Although Singapore economy expanded 2.2 per cent y-o-y in Q2, non-oil domestic exports remained subdued.
More informationThe Office Market Feels The Heat in Q2
Research & Forecast Report RENO OFFICE Q2 2017 The Office Market Feels The Heat in Q2 >>All major office submarkets have decreased vacancy and positive absorption this quarter >>The overall vacancy decreased
More informationWhite Paper Demand for Affordable Housing in Dubai Dubai October Addressing The Housing Gap Measuring Affordability Levels in Dubai
White Paper Demand for Affordable Housing in Dubai Dubai October 2014 Addressing The Housing Gap Measuring Affordability Levels in Dubai Ian Albert Regional Director Middle East Colliers International
More information