Singapore Property & REITs: Takeaways from webinar with Colliers‘ Head of Research

研报英文原文证据摘录

Singapore Property & REITs: Takeaways from webinar with Colliers‘ Head of Research

pressure, with occupancy weighed down

by new supply from developments such as Punggol Digital District and 27 International

Business Park. While demand remains present, time is needed to absorb recently completed

stock. Older business parks are creating a bifurcated market, with weaker assets dragging

down overall metrics while modern facilities continue to attract tenants. Looking ahead,

future industrial supply should moderate, with new completions largely comprising factory

developments rather than business park projects. In logistics, limited prime warehouse

supply is expected before developments such as Sunview emerge around 2027. As a result,

Colliers expects industrial rents to continue growing at a slower pace of ~1–3%, while

industrial capital values could increase by ~3–5%.

Residential market entering a more balanced phase Private residential prices rose ~0.5%

in 2Q26, moderating from 0.9% growth in 1Q26, with rental growth largely flat. Colliers

forecasts ~7,000–8,000 units of new annual supply and expects price growth to moderate

further as pent-up demand is absorbed. Developer confidence remains healthy, with ~12

projects comprising ~4,000 units expected to launch, including Thomson Reserve and other

OCR developments. However, signs of buyer price resistance are emerging, with OCR prices

potentially struggling to sustainably exceed S$3,000 psf as affordability constraints become

more visible. Key structural support comes from Singapore’s expanding population, with

~25,000–30,000 new citizenships granted annually underpinning long-term housing

demand. However, the upgrader market may face greater competition as more HDB flats