Australia's Housing Prices Expected to Soar 17% in 2020, Singaporeans Return to Offices, World's First NFT House Sold

    Forecasts of house prices in Australia continue to be revised upwards, with the latest forecast by ANZ projecting a 17 per cent increase in 2020, up from 9 per cent previously.

    Australia's Housing Prices Expected to Soar 17% in 2020, Singaporeans Return to Offices, World's First NFT House Sold

    Forecasts of house prices in Australia continue to be revised upwards, with the latest forecast by ANZ projecting a 17 per cent increase in 2020, up from 9 per cent previously. The residential market boom, which was exacerbated by working-from-home arrangements due to COVID-19, has been particularly pronounced due to record-high bank lending and government incentive programmes subsidising home purchases.

    Read also: Investing in Australian Residential Real Estate

    Leading a return to a new normal, Singapore last week announced further relaxation of workplace requirements brought on by the pandemic, with up to 75 per cent of staff returning at any one time. This is expected to help office-centric S-REITs which saw a massive drop in footfall due to Singapore's circuit breaker. And adding to the recent hype on digital assets and tokenisation, the world's first non-fungible token (NFT) house was sold for US$0.5 million, and the jury is still out whether this marks the beginning of a new market on digital real estate.

    Read also: An Overview of Investing in REITs in Singapore

    What caught our eyes this week?

    Australian House Prices Forecast to See Their Sharpest Rise Since the 1980s

    Australian House Prices Forecast to See Their Sharpest Rise Since the 1980s

    News.com.au – House prices in Australia's capital cities are expected to soar by a massive 17 per cent this year, marking the fastest pace of growth since the late 1980s, according to ANZ economists. Perth and Sydney are tipped to lead the pack with expected increases of 19 percent. The overall figure is more than double the previous forecast of 9 per cent, as both strong demand and low supply push prices sharply higher.

    Read also: Brisbane Riding on Cyclical and Structural Tailwinds

    Digital Realty, Global Switch Launch New Data Centres in Singapore, Hong Kong

    Digital Realty, Global Switch Launch New Data Centres in Singapore, Hong Kong

    Mingtiandi – Asia Pacific's server-hosting capacity got a boost last week as a pair of global players announced the launch of their latest data centres in Singapore and Hong Kong. US-based Digital Realty opened its third data centre in Singapore, and Global Switch opened the final stage of its Tseung Kwan data centre. Asia Pacific has doubled its uptake of data centre capacity in 2020 due to COVID-19, according to CBRE.

    Read also: RealVantage's COVID-19 Viewpoints and Strategies

    Lendlease Launches Second Western Sydney Estate

    Lendlease Launches Second Western Sydney Estate

    The Urban Developer – The surge in demand post-COVID has prompted Lendlease to accelerate plans for a AUD$300 million housing estate in western Sydney. The Kings Central development in Werrington will comprise of more than 300 single and double storey homes, built around internal parkland. Record low-interest rates, coupled with government incentive programmes, have pushed the property market to record highs, with Sydney's house prices increasing by 3 per cent in February alone.

    Back-to-Office Crowd a Godsend to S-REITs

    Back-to-Office Crowd a Godsend to S-REITs

    The Business Times – With over 799,000 residents in Singapore having received at least one dose of the COVID-19 vaccine, the Singapore government announced further relaxation of workplace arrangements, including up to 75 per cent of staff being able to return to the workplace at any one time. As the office community returns, footfall and usage of office space is expected to increase, providing relief to the office-centric S-REITs which saw usage plummet during the circuit breaker.

    Read also: Ins and Outs of Office Real Estate

    The World's First NFT House has Been Sold for More Than US$500,000

    The World's First NFT House has Been Sold for More Than US$500,000

    The National – Canadian artist Krista Kim has just sold the world's first non-fungible token (NFT) house for more than US$500,000. Called Mars House, it is a turnkey, state-of-the-art pad, cantilevered over a mountain range. NFTs, which have gained massive popularity in recent months, are a way to prove ownership of a digital asset.

    Vantage Point is a curated cache of the latest trends in real estate investing repurposed from media outlets and websites around the globe. Each article is a succinct wrap-up of key news points for an easy read. Outbound links, embedded in each editorial, are attributed to original external sources. RealVantage makes no warranties or representations regarding the accuracy, completeness or veracity of the information or data contained in such external sources. Editorials under the Vantage Point vertical do not reflect the views of RealVantage, in part, or in its entirety.


    About RealVantage

    RealVantage is a leading real estate co-investment platform, licensed and regulated by the Monetary Authority of Singapore (MAS), that allows our investors to diversify across markets, overseas properties, sectors and investment strategies.

    The team at RealVantage are highly qualified professionals who brings about a multi-disciplinary vision and approach in their respective fields towards business development, management, and client satisfaction. The team is led by distinguished Board of Advisors and advisory committee who provide cross-functional and multi-disciplinary expertise to the RealVantage team ranging from real estate, corporate finance, technology, venture capital, and startups growth. The team's philosophy, core values, and technological edge help clients build a diversified and high-performing real estate investment portfolio.

    Get in touch with RealVantage today to see how they can help you in your real estate investment journey.

    Disclaimer: The information and/or documents contained in this article does not constitute financial advice and is meant for educational purposes. Please consult your financial advisor, accountant, and/or attorney before proceeding with any financial/real estate investments.