21 Nov '16, 10am

#Proptech #Retech #AI #Realestate #Leeways #Gate

Core assets such as office spaces in Singapore’s CBD are favoured by investors and institutions, but yields and returns have declined on the back of a weaker macroeconomic outlook. Singapore fell 10 places for city investment prospects, dropping to 21 from its 11th spot a year ago, a report authored by the Urban Land Institute (ULI) and Price Waterhouse Coopers (PWC), revealed. As recently as 2012, Singapore had topped the ranks of real estate investment favourites. “Singapore’s low ranking in this year’s report has been attributed to various factors including overcapacity in office space, falling retail sales and a residential market correction” said Dr Seek Ngee Huat, Chairman of ULI Asia Pacific and Chairman, Global Logistic Properties. Amidst a market slowed by cooling measures and a weaker economic outlook, the Urban Redevelopment Authority’s (URA) price index for Sin...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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