SINGAPORE: Singapore’s commercial property market remains healthy despite a notable dip in demand, according to the latest Royal Institution of Chartered Surveyors Commercial Property Monitor for Q1
2024.
Despite the healthy supply, the report highlights a drop in demand for commercial properties, with a net balance of -14 in Q4 2024—down significantly from +6 in Q3. This decline could lead to imbalances between supply and demand, potentially affecting market stability in the coming months. Investment activity in Singapore’s commercial property sector took a sharp downturn in Q4 2024. Investment enquiries fell to -27, down from +30 in Q3. This marks the most negative reading for this indicator since Q2 2021 when it stood at -28.
Among commercial property segments, certain asset classes showed strong capital value growth potential. The most promising sectors over the next twelve months include data centres , aged care facilities , student housing , and hotels . These segments continue to attract investor interest, driven by rising demand for digital infrastructure, healthcare services, and accommodation facilities.
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