Investors & Developers

Singapore Residential Collective Sale Market Ripe for Developers

There’s opportunity to be had for developers in Singapore’s residential collective sale market as current data shows that there is an undersupply of freehold units set for sale in 2018 and beyond.

Cushman & Wakefield’s Singapore Investment: Residential Collective Sales Report reveals that the future supply from 2018 onwards currently comprises of approximately 25,500 99-year leasehold units as compared to just 4,900 freehold units. This undersupply presents an opportunity for developers who prefer freehold sites over leasehold ones.

Developers who acquire freehold sites will be able to target long-term investors and buyers with a preference for freehold status, such as those who have a strong bequest motive.

The report also identifies the districts with undersupply of freehold and leasehold units as well as upcoming collective sale projects.

The residential collective sale market in Singapore saw an uptick in 2017 due to favorable economic conditions and positive market sentiment. The last quarter closed strongly with 15 deals amounting to $4.5 billion, which was more than double the transaction value in the previous quarter.

To get the full data on Singapore’s current residential collective sale status, download the report here.

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