Singapore Real Estate Market Overview
According to SPER Market Research, the Singapore Real Estate Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
One of the most active and lively real estate markets in the world is found in Singapore. Although the city-state is small in size, its high population density and robust economy make it a desirable location for real estate buyers. The Singaporean government has taken a proactive stance in managing the real estate sector, enacting laws to guarantee affordability and security for both investors and homebuyers. Stamp duties on real estate transactions and the adoption of measures to control speculation and prevent the bursting of property bubbles are a few of these policies. This has led to high property prices, especially in well-known areas like the central business district and areas near to public transportation.
From public housing flats to upscale condominiums and landed properties, Singapore offers a broad variety of property types. First-time homebuyers to high-net-worth individuals and institutional investors are among the many different kinds of buyers and investors the market draws. Singapore's real estate market was seen to mature in large part due to the nation's role as a centre for international trade, tourism, and successful domestic housing demand. The nation began by offering land parcels for business development and quickly rose to become the world's largest housing developer. Singapore has developed into a contemporary real estate infrastructure pioneer thanks to a lack of available space and high demand, with mixed-use developments, environmentally friendly buildings, and architectural marvels at its core.
As a hub of international commerce, Singapore attracts substantial foreign investment and benefits financially from the presence of foreign players in the market. Rising tourism enables both retail and hotel real estate to see revenue increases. The majority of the population now lives in government-owned HDB properties, which has enabled Singapore to become one of the most expensive real estate markets in the world. Overall, Singapore's real estate market presents both opportunities and challenges for investors, with substantial regulatory and market risks as well as high potential for capital appreciation and rental income.
Impact of COVID-19 on the Singapore Real Estate Market
The COVID-19 epidemic has had a variety of effects on the Singapore real estate market. Many buyers are reluctant to make sizeable expenditures in the real estate market as a result of the pandemic and the ensuing economic uncertainty. Sales activity has slowed as a result, and sellers and developers are finding it difficult to find buyers for their homes.
Property values have dropped as a consequence of the pandemic, particularly in the luxury residential market. Due to the decreased demand for luxury properties, developers are currently providing discounts and promotions to draw in customers. More people are searching for affordable rental choices as a result of the pandemic, which has also caused a change in the rental market. Rents have decreased as a result, particularly in the commercial and retail industries. Online real estate deals have increased as a result of social distancing regulations. To keep up with this new tendency, developers and agents are showcasing properties online and through virtual tours. The market will ultimately recover, according to experts, particularly with government initiatives to support the economy and the real estate industry.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Property Type, By Value
|
| Regions covered | Core Central Region (CCR), Rest of Central Region (RCR), Outside Central Region (OCR) and Sentosa Island
|
| Companies Covered | Ascendas Real Estate Investment Trust, CapitaLand, City Developments Limited, EL Development Pte Limited, Far East Organization, Frasers Property, Genting Singapore, Global Logistics Properties, GuocoLand Limited, UOL Group Limited.
|
Target Audience:
- Homebuyers
- Investors
- Real Estate Agents
- Government Agencies
- Financial Institutions
- Expatriates
Singapore Real Estate Market Segmentation:
1. By Property Type:
- Hospitality
- Logistics/Industrial
- Office
- Residential
- Retail
2. By Value:
3. By Region:
- Core Central Region (CCR)
- Rest of Central Region (RCR)
- Outside Central Region (OCR)
- Sentosa Island
Key Topics Covered in the Report:
- Size of Singapore Real Estate Market (FY’2019-FY’2032)
- Overview of Singapore Real Estate Market
- Segmentation of Singapore Real Estate Market By Property Type (Hospitality, Logistics/Industrial, Office, Residential, Retail)
- Segmentation of Singapore Real Estate Market By Value (Premium, Luxury, Affordable)
- Statistical Snap of Singapore Real Estate Market
- Growth Analysis of Singapore Real Estate Market
- Problems and Challenges in Singapore Real Estate Market
- Competitive Landscape in the Singapore Real Estate Market
- Impact of COVID-19 and Demonetization on Singapore Real Estate Market
- Details on Recent Investment in Singapore Real Estate Market
- Competitive Analysis of Singapore Real Estate Market
- Major Players in the Singapore Real Estate Market
- SWOT Analysis of Singapore Real Estate Market
- Singapore Real Estate Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Singapore Real Estate Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Singapore Real Estate Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Singapore Real Estate Market
7. Singapore Real Estate Market, By Property Type, 2019-2032 (USD Million)
7.1. Hospitality
7.2. Logistics/Industrial
7.3. Office
7.4. Residential
7.5. Retail
8. Singapore Real Estate Market, By Value, 2019-2032 (USD Million)
8.1. Premium
8.2. Luxury
8.3. Affordable
9. Singapore Real Estate Market, By Region, 2019-2032 (USD Million)
9.1. Singapore Real Estate Market Size and Market Share by Region (2019-2025)
9.2. Singapore Real Estate Market Size and Market Share by Region (2026-2032)
9.3. Core Central Region (CCR)
9.4. Rest of Central Region (RCR)
9.5. Outside Central Region (OCR)
9.6. Sentosa Island
10. Company Profiles
10.1. Ascendas Real Estate Investment Trust
10.1.1. Company details
10.1.2. Financial outlook
10.1.3. Product summary
10.1.4. Recent developments
10.2. CapitaLand
10.2.1. Company details
10.2.2. Financial outlook
10.2.3. Product summary
10.2.4. Recent developments
10.3. City Developments Limited
10.3.1. Company details
10.3.2. Financial outlook
10.3.3. Product summary
10.3.4. Recent developments
10.4. EL Development Pte Limited
10.4.1. Company details
10.4.2. Financial outlook
10.4.3. Product summary
10.4.4. Recent developments
10.5. Far East Organization
10.5.1. Company details
10.5.2. Financial outlook
10.5.3. Product summary
10.5.4. Recent developments
10.6. Frasers Property
10.6.1. Company details
10.6.2. Financial outlook
10.6.3. Product summary
10.6.4. Recent developments
10.7. Genting Singapore
10.7.1. Company details
10.7.2. Financial outlook
10.7.3. Product summary
10.7.4. Recent developments
10.8. Global Logistics Properties
10.8.1. Company details
10.8.2. Financial outlook
10.8.3. Product summary
10.8.4. Recent developments
10.9. GuocoLand Limited
10.9.1. Company details
10.9.2. Financial outlook
10.9.3. Product summary
10.9.4. Recent developments
10.10. UOL Group Limited
10.10.1. Company details
10.10.2. Financial outlook
10.10.3. Product summary
10.10.4. Recent developments
11. List of Abbreviations
12. Reference Links
13. Conclusion
14. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
