Recently released market study: Singapore Real Estate Report Q2 2011

March 31, 2011 - PRLog -- Singapore's economy continues to recover strongly driven by a resurgent manufacturing sector, a sharp pick-up in export demand and the spill-over effects into trade-related services industries. Singapore - as an export-oriented economy - was hit early and fairly hard by the economic downturn emanating from the global financial crisis. Now, it is recovering strongly once more as world economies recover and neighbouring countries including China grow strongly. After a very strong performance in 2010, BMI expects economic growth to moderate somewhat in Singapore and we are sticking to our conservative 3.3% real GDP forecast for 2011 as a whole.

The latest round of interviews with our in-country sources, which were conducted at the end of 2010, confirmed that rental rates have continued to rise, after a very difficult year in 2009. The increases are in spite of still substantial vacancy rates, which have been exacerbated by new construction. Our sources indicated that they are looking for 5-10% rises in rental rates, across all three major sub-sectors, in 2011 and again in 2012. Our sources suggest that yields will rise in 2012, presumably as rents increase relative to capital values.

Previously, we had foreseen that office yields would fall slowly throughout the forecast period - towards the 'normal' levels that had been prevailing prior to the global financial crisis. By contrast, we were looking for industrial and retail yields to increase. The latest data provided to us by our in-country sources suggests that much of the process of yield adjustment has taken place. Accordingly, we now anticipate that yields will move sideways.

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Report Table of Contents:

SWOT Analysis
- Singapore Real Estate/Construction SWOT
- Singapore Economic SWOT
- Singapore Business Environment SWOT
Real Estate Market Overview
- Table: Singapore's Real Estate Market - Historic Rents, 2009 And 2010 (m2/month, US$)
- Table: Singapore's Real Estate Market - Net Yields, 2010 And 2011 (%)
- Table: Singapore's Real Estate Market - Terms Of Rental Contract/Lease, Mid-2010
- Table: Singapore's Real Estate Market - Available And Vacant Space, Mid-2010 (m2)
Industry Forecast Scenario
- Real Estate Outlook
- Table: Singapore's Real Estate Market - Rents, 2010-2012 (m2/month, US$)
- Table: Singapore's Real Estate Market - Forecast Yield, 2008-2015 (%)
- Construction And Infrastructure Forecast Scenario
- Table: Singapore Construction And Infrastructure Industry Data, 2007-2014
- Table: Singapore Construction And Infrastructure Industry Data, 2013-2020
- Singapore's Macroeconomic Outlook
- Table: Singapore - Economic Activity
Business Environment
- Real Estate/Construction Business Environment Ratings
- Table: Asia Real Estate/Construction Business Environment Ratings
- Project Finance Ratings: Outlook For Asia Pacific
- Table: Design And Construction Rating
- Table: Commissioning And Operating Rating
- Table: Overall Project Finance Rating
- Singapore's Business Environment
- Table: BMI Business And Operation Risk Ratings
- Table: BMI Legal Framework Rating
- Table: Labour Force Quality
- Table: Asia, Annual FDI Inflows
- Table: Trade And Investment Ratings
- Table: Top Export Destinations, 2002-2008, US$mn
Company Monitor
- CapitaLand
- City Developments Limited
- Dragages Singapore
- Keppel Land
- Sembcorp Industries
- Singapore Land (SingLand)
- UOL Group
BMI Methodology
- How We Generate Our Industry Forecasts
- Construction Industry
- Bank Lending
- Real Estate/Construction Business Environment Rating
- Table: Weighting Of Indicators
- Project Finance Ratings Indicators
- Table: Design And Construction Phase
- Table: Commissioning And Operating Phase - Commercial Construction
- Table: Commissioning And Operating Phase - Energy And Utilities
- Table: Commissioning And Operating Phase - Transport
- Sources

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.