What’s in and what’s out in the domain of real estate investment? What are the alternative assets that investors can consider amid robust capital flows into the global property markets? These were among the key topics examined at Colliers International’s inaugural Global Real Estate Conference, which was held in Singapore on May 8, 2019. The event was met with great success and spurred numerous discussions among the conference participants. There were plenty of talking points and Colliers Review asks Govinda Singh, Executive Director of Valuation & Advisory Services, to share his insights on some of the questions raised during the event.
Things are starting to look up for the Singapore hotel sector again. Tourist arrivals have improved - as did tourism receipts - and room occupancies have remained healthy amid the relatively tight room supply in in the city-state.
Generally, the larger the project size – both in terms of land size and quantum value- the higher the perceived risks. Check out how developers can adopt strategies to manage risks and lower the level of uncertainty.
Singapore is punching above its weight when it comes to cross border real estate investment. The city-state took the lead as a major investor in global property markets, accounting for 36% of Asia-to-global capital flows in 2018, according to Colliers’ latest Investor Pulse report.
Spacing out new launches will continue to be important this year, particularly with more developments in the launch pipeline. Find out what are some strategies developers could adopt to stand out and achieve a win-win outcome in this environment.
The rapid rise of technology and the growth in sharing economy have changed the way people work and how companies execute their real estate strategy. Colliers International Asia-Pacific CEO David Hand highlights the top real estate trends that will impact occupiers, landlords and investors this year.
Global macroeconomic developments – such as lower growth in China and emerging signs of a slowdown in the US – will likely cloud the outlook for Asian property market, but there are still pockets of opportunities for investors and occupiers. Colliers International Asia-Pacific CEO David Hand shares his views on the bright spots and key markets to watch in 2019.
Digital technology and new innovations have vastly changed the way we commute, live, work and interact with each other. It is imperative that we develop residential projects which will evolve with the times, and perhaps play a leading role in redefining modern living in the years and decades to come.
It has been said, in real estate it is about ‘location, location, location’. That is true to a large extend but the devil is in the details. What is it about a site’s location that makes it truly appealing to developers and homebuyers?
Airbnb is an online community marketplace that bridges people looking to rent out their homes with people seeking accommodation. Airbnb started off in 2008 primarily as a couch-surfing site for people to make some extra cash renting out a spare room and over the years, it has transformed and grown its appeal from budget-minded tourists to savvy business travellers. So, what has been the impact on hotel performance?
A destination is a place that is worth leaving the home for - a call to adventure, a promise of unique experiences, evoking fond memories. In a highly competitive global marketplace, having an effective placemaking and destination branding strategy is the difference between “been there done that” and “let’s go again”.
Asian markets look set to slow amid lower growth in China and emerging signs of a slowdown in the US. While these macroeconomic developments cloud the outlook for Asian property, opportunities remain for occupiers and investors. More positively, interest rates ought to increase more gradually, holding funding costs low for developers and investors.
The growth momentum is expected to spill over into 2019, rising at a pace of circa 4.5% with tourism arrivals in the region reaching record levels. Growth continues to be mainly driven by China and India with the latter set to expand as its Gross Domestic Product per capita improves along with its robust economic growth.
The yawning funding gap will throttle Asia's growth. There is an urgent need to seek alternative sources of financing to tackle the region's serious infrastructure shortfall. Colliers International believes that investors, developers and the public sector can more effectively collaborate under win-win conditions to deliver high-quality infrastructure.
Taken together, we think the resilience in luxury home prices in Singapore, their relative affordability compared with key Asian cities, favourable environment for foreign and domestic buyers, as well as stable economic outlook – barring any major external shocks – will continue to make a case for the acquisition of prime residential sites in the central parts of Singapore.
In a surprise move, the government announced fresh cooling measures on the evening of July 5 just as the Singapore property market was finding a firmer footing. Developers, who are no strangers to policy changes, could adopt various strategies to navigate the new paradigm.
Buildings of the future must be designed and customised with the needs of end-users in mind, taking into consideration the environment, health and wellness, as well as social equity.
It is fair to say there was never a dull moment in Singapore’s residential real estate sector in the past 12 months. A year ago, the property market was on the cusp of recovery, developers snapped up land to replenish their landbanks and the collective sale market flourished. One year on, the picture has turned a shade darker as greater uncertainty looms for real estate developers.
Japan appears to have played its long-awaited trump card in the passing of the Integrated Resort (IR) Implementation Act on 20 July. The move will pave the way for Japan to the set up a domestic casino gaming industry, and this has already stirred great excitement among many casino operators who are eyeing a slice of this appetizing pie.
Travel and tourism sector in the region continued its run of strong performance in the first half of 2018. Hotels across Asia Pacific booked a 1.2% growth in room occupancy levels against the previous half year - thanks to the strong growth in Average Daily Rate (ADR), which rose by 7.3%, led mainly by North Eastern and South Asian properties.
Many investors still favour Sydney and Melbourne, but Perth could line up as the next investment hotspot, with good upside potential in the coming years. As prices bottom out, the housing market in Perth could recover over the next two to three years.
Manchester, home to two of the biggest football clubs in the world, is becoming the poster city for infrastructure development and real estate investment in the United Kingdom (UK). The new-found interest in Manchester properties rides on the ‘Northern Powerhouse’ plan which will see the UK government pour hundreds of millions of pounds to rejuvenate the region, boosting its global appeal.
Auctioneering has made media headlines in recent years particularly in the residential segment as more properties go on the block.
These two cases highlight the value of a valuer, whether in a break-up or “marriage” situation. In both cases, the valuer was jointly appointed by both parties – underlining the trust that they had in the valuer as an independent professional to come up with unbiased opinions.
Sick and tired of the daily grind? Chances are the office environment may have something to do with it. Most people would feel slightly ill if they are cooped up hours on end – day after day - in drab and enclosed work spaces, with poor air quality and harsh fluorescent lighting.
Most things, if left unattended to and uncared for fall into disrepair. The same goes for real estate as well, be it commercial or residential properties. Buildings that are poorly maintained are not only an eyesore in the urban landscape, but they are also dangerous to their inhabitants. Investors will also be aware that deteriorating conditions will affect rentability and impact the value of the property negatively.
A disconnect may occur between the financial and ground operations, especially for companies with manufacturing facilities in other countries far from their incorporated headquarters.
As far as discretionary spending goes, holidays are one of the last things that people will give up on, and it is increasingly being seen as a must-have.
The multi-year housing boom in Australia has been met with restrictions on lending and foreign investor duty surcharge over the past year but this has not meant that the Australian property market is now losing steam as first-home buyers or owner occupiers in Australia have stepped in to pick up the slack. So why are people still investing in Australia despite measures to curb foreign investment and which locations are foreign investors looking at now?
Nice things do come in small packages sometimes, but real estate development sites are usually not among them.
China’s ambitious Belt and Road Initiative (BRI) - an attempt to recreate the historic Silk Road trading routes – has been promised to shape global economic market and geopolitical landscape. The much-discussed BRI, a showpiece project of Chinese President Xi Jinping, aims to connect about 80 countries across three continents to China.
It is said, among the investment circles, that what goes down must come up. While it is not necessarily always true, it does to some extent reflect the collective sale fever that is currently raging in the Singapore property market.
We are living through exciting times where urbanisation, digital technology and automation have fundamentally shifted the way we work and indeed, where we work.
Real estate investment sales in Singapore - which grew at a blistering pace in 2017 - is expected to scale greater heights this year. The growth will be driven by buoyant investor sentiment, as well as the anticipated multi-year upturn in the residential sales and office leasing markets.
Like any form of investments, buying a property abroad is not without risks – the biggest being foreign currency movement.
As the economic outlook turns a shade brighter, small and medium-sized enterprises (SMEs) are increasingly more optimistic about their business prospects. Some firms may be thinking about expansion or acquiring new equipment. At this juncture, it is critical that they have a good handle on the value of their assets, especially when they have manufacturing operations in different locations.
Every once a while, a new technology emerges with promises of widespread and far-reaching impact in the way people live and conduct business. Just as the steam engine helped to power the Industrial Revolution in the 18th century, blockchain technology could disrupt industries and revolutionise the world economy.
A vibrant neighbourhood that buzzes with activity – where people love to live, work and play - does not happen by chance. It takes the concerted effort and foresight of multiple stakeholders, including the urban planners and developers, to articulate their vision for the precinct, and to embark on initiatives to shape and enliven the neighbourhood.
Property developers and investors shrugged off concerns over a global trade war and heightened equity market volatility in Q1 2018, injecting SGD11 billion into the Singapore real estate investment sales market. The robust investment figure in Q1 – up by 89% year-on-year (YOY) growth – was predominantly driven by the residential sector.
Singapore, an epicentre for financial and business in Asia, is a magnet for foreign investment and talent. Developers, sovereign wealth funds and private equity firms have all snapped up prime real estate and trophy assets in Singapore in recent years. Indeed, investment sales in the city-state rose markedly in 2017, coming in at an estimated SGD40.3 billion – up by 55% from 2016.
Technophobes and luddites out there would have you believe that livelihoods are under siege, taken apart progressively by the rapid advancement of new technologies, such as blockchain for example.
Brisbane presents good pickings for first-time home buyers and investors, as it emerges from a housing price slump. The affordable prices allow home hunters to buy on dips and get their foot in the door.
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