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Agents less hopeful for prime homes, office, biz park sector

The general sentiment of Singapore’s real estate industry continued to improve during the first quarter of 2024, however, the industry has turned markedly more pessimistic on the primary residential sector and also the office and hi-tech and business parks. Real estate professionals polled by the Institute of Real Estate and Urban Studies (Ireus) of the

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Singapore climbs to sixth place in the index of cities

The prime residential rents increased by 42 percent between 2021 and 2023, as the city shifted from “recording fresh outflows of people ” to net inflows. Meanwhile, real estate investment volumes remained stable. This is not a small achievement considering the global economic contraction and uncertainty. Singapore’s future is also well-positioned because of a thriving tech scene.

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