Stories By: Jones Lang LaSalle (120 Articles Found)
Singapore’s office market to bottom-out in 2021
Singapore’s office market performed better than expected in 2020 despite the pandemic. It is expected to continue on a path to recovery after bottoming out in the current year. Although Singapore’s GDP registered its deepest post-independence contraction of…
SG property investment sales to rebound in 2021
The economic uncertainties due to COVID-19 and the travel restrictions affecting the practicality to execute transactions, hampered deals in 2020. Still, investors injected $17.3 billion into Singapore’s property investment sales market, comprising all private sector deals worth at…
Singapore’s resilient good class bungalow market
Undaunted by the pandemic and recession, sales of Singapore’s Good Class Bungalows (GCBs) have held up well in 2020, totalling SGD 802 million in 1Q-3Q20, or about 66.3% of the SGD 1.21 billion recorded in 2019. Following the…
Singaporeans still favour in-store buying/dining
COVID-19 has accelerated online shopping, food delivery and heightened concerns about the continued relevance of physical stores. However, statistical evidence points at Singaporeans’ general preference for in-store buying and dining. This spells hope for mall landlords in the…
Outperformers in Singapore’s soft home leasing market?
COVID-19 and the recession have not spared Singapore’s residential leasing market from headwinds. However, some developments continued to do well in commanding strong rents. We examined the attributes of these developments, which could be of interest, particularly to…
A tale of two retail hubs: Hong Kong & Singapore (Part 2)
However, what is the underlying reason that sales per capita in Hong Kong are so much higher than in Singapore? Well, let’s recall that the market for the retail scene is not limited only to residents of the…
A tale of two retail hubs: Hong Kong & Singapore (Part 1)
Hong Kong and Singapore are often compared against each other, many times across a variety of different aspects. This should come as little surprise given some of the similarities between the two cities. I have lived and worked…
Allure of residences in mixed-developments
Mixed-use developments have mushroomed in Singapore, and the residential projects within them have largely outperformed the general sales market. URA has increased land supply for mixed commercial and residential use through its GLS programme in the last decade.…
Deep technology drives industrial spaces in Singapore
With its vibrant start-up community and strong government support, Singapore is at the forefront of becoming SEA’s deep tech hub. Several hubs are being developed across the island that will provide the necessary ecosystems to facilitate synergies and…
Sustainable development in real estate
Since the onset of the COVID-19 pandemic, the real estate sector worldwide is stepping up its response to climate change and sustainable development. At the same time, there is an increasing awareness of the environmental impact of real…
Real estate green financing booms in Singapore
Real estate green financing is catching on in Singapore. Developers, asset owners and investors seeking to demonstrate sustainability in their corporate values, are driving the trend. They aim to carve stronger value propositions for their investors and uphold…
Driving a post-pandemic Singapore retail recovery
The COVID-19 pandemic is accelerating structural shifts in the retail industry. Shortly after the outbreak, e-commerce sales surged in many countries as consumers avoided crowded places and social distancing measures kicked in. In Singapore, a surge in online…
Covid-19 puts flexible space markets under strain
The global Covid-19 outbreak has had serious negative effects on commercial real estate, including flexible space. Of late, many operators have experienced the flexible nature of the business working against them, as many occupiers have opted to surrender…
Singapore’s office landscape in the new decade
The CBD Incentive Scheme (CIS) has encouraged a new wave of redevelopment that could add vibrancy to Singapore’s city centre. To date, owners of two out of the over 20 qualifying office buildings estimated by JLL Research have…
Silver lining amid COVID-19
A direct result of COVID-19 containment measures is that organisations are taking a real-time look at the effects of prolonged off-site work and its relation to productivity. Thinking of the future impact of this pandemic on office buildings,…
SG residential – winners in a tough market
In 2019, the Singapore residential market faced challenges like cooling measures and a decade-low economic growth of 0.7%, mainly due to deteriorating global conditions that arose from the US-China trade war. Nevertheless, mega residential projects achieved encouraging sales…
Steady outlook for Singapore property market
After riding through turbulence in 2019, Singapore’s property market is expected to hold steady in 2020 and could surprise on the upside should the economy outperform. Global liquidity, investors’ strong interest in Asian real estate and Singapore’s reputation…
JLL APAC HQ: A new office, new home
JLL’s new APAC head office at Paya Lebar Quarter (PLQ) 2, situated in Singapore’s Paya Lebar sub-regional business district, has won many hearts for various reasons. Positive vibes reverberate from the moment you step out of the elevator…
Smart Homes: Soon to be the norm in the Singapore residential market
Have you ever wished there was an app that could help manage those never-ending household chores or open the door if your visitors come while you are patting your child to sleep? Homes with such hi-tech features are…
E-commerce drives warehouse automation in Singapore
While the e-commerce boom has contributed to the demand for warehouses and driven new construction in Singapore, the impact has been less pronounced. We take a closer look at the impact of e-commerce in the Singapore market. 1)…
SG flexible workspace 2.0: core + flex
Over the years, the flexible workspace eco-system in Singapore has seen steady growth, with demand from enterprises gaining traction. With more enterprises coming on board, flexible workspace operators have tilted their offerings by incorporating more private office suites…
Exploring flexible leasing in Singapore malls
As retail competition heats up in Singapore, a few retail landlords are exploring flexible leasing concepts to create fresh experiences regularly for shoppers. CapitaLand is exploring this concept in 20 “plug and play” retail pods in Tree of…
Singapore’s Silicon Valley in the making
Singapore’s CBD has been a traditional favourite for technology companies for reasons that include ease of talent hiring and retention. Those who have sited their offices here include FB, Twitter, LinkedIn, Amazon, Alibaba, Lazada and Microsoft. In recent…
Singapore a melting pot for Proptech
A proptech wave is building up in Singapore – recently named the world’s third most innovative city in JLL’s Innovation Geographies study. Driving this is the Singapore government’s Smart Nation initiative that was kicked off in 2014, laying…
Stimulation of Singapore’s retail market
In the first four months of 2019, the Singaporean government made several announcements that generated waves in the local retail market. In Jan, plans to re-energise Orchard Road was announced to reposition Orchard Road as a must-visit lifestyle…
Will Jewel Changi Airport be the ‘Gem of a Destination’?
Residents in Singapore and visitors alike can now add another destination to their list of indulging in the nation’s favourite pastime – eating and shopping. Designed by renowned architect Moshe Safdie, the toroid-shaped Jewel Changi Airport mixed-use development…
Reshaping Singapore to remain competitive
Creative plans and bold initiatives have been proposed by Singapore’s planning authority to ensure adequacy of land resources and infrastructure development to support Singapore’s future growth. When URA announced Singapore’s Draft Master Plan (DMP) 2019, a key initiative…
The allure of Singapore’s shophouses
Investors have been snapping up shophouses in Singapore which has propelled the sales value of these assets to a record high in 2018. Shophouses are popular partly due to the lack of ownership restriction for units that sit…
Claremont Hotel up for sale at above $70 mil
The freehold Claremont Hotel along Serangoon Road has been put up for sale with a guide price of more than $70 million. The eight-storey hotel has an estimated GFA of 30,591 sqft and comprises 90 rooms ranging from…
Singapore market outlook 2019
Singapore has repositioned itself as a vibrant and innovative economy as Asia plays an increasingly larger role in global trade and investment flows. We take a look at the demand drivers and major trends in the property market…
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