In the commercial real estate sector, office space rents remained steady with a balance of supply and demand, but there is still a significant demand for high-quality office spaces. Retail space rents have seen some growth, possibly influenced by the return of commercial activities, while industrial real estate space rents have continued to rise for 12 consecutive quarters, indicating a favorable investment outlook in this sector.

In the investment market, there have been significant investment transactions in the real estate investment market, and this trend is expected to continue, especially in terms of interest in investing in hotels and shophouses. This demonstrates investors' confidence in the Singapore real estate market, indicating that despite uncertain economic prospects, there are still many opportunities to seek and utilize.

While the Singapore real estate market remains stable overall, there has been a downward trend in property transaction volume in the residential market. This may be attributed to some policy adjustments, such as recent government measures to curb housing price increases.

Additionally, there are factors contributing to a cautious outlook among buyers, such as the uncertainty in the international situation. However, simultaneously, there has been an upward trend in the total transaction volume in the private residential leasing market, indicating the vibrancy and potential of the rental market.

In the commercial real estate sector, office space rents have remained steady with a balance of supply and demand. Although the current trend sees more companies leaning towards remote work, there is still a robust demand for high-quality office spaces, partly due to the changing demands post-pandemic and the focus on employees, with businesses needing to provide better office environments to attract and retain top talent.

The growth in retail space rents may be influenced by the return of commercial activities and the increasing demand for social and entertainment needs. In the industrial real estate sector, the continuous 12-quarter rent rise indicates a positive investment outlook, possibly influenced by Singapore's development into a smart city.