JCube Condo Residence, Former JCube‘s new development, is set to launch for sale in the second half of 2023. Residents will enjoy unbeatable convenience, directly connected to Jurong East MRT interchange, Westgate and IMM Building via the J-Walk, a covered elevated pedestrian network. Furthermore, the upcoming Jurong East Integrated Transport Hub is located near JCube Condo Residence, offering a range of amenities such as bus interchange, public library, community club and sports centre. An additional appeal of JCube Condo Residence is yet to be revealed in details, including pricing and the number and size of units available.

The Singapore Estate Agents Association (SEAA) Annual Conference 2021 kicked off with an emphasis on the importance of embracing change and upskilling for property agents to meet an ever-evolving property market. Minister Indranee Rajah announced eight recommendations to enhance the competencies of agents while panellists also gave updates on different aspects of the market. The need for agents to stay ahead of trends was stressed, and to do so, they had to keep up to date with factors such as population growth, new infrastructure and supply dynamics to better explain the current market to their clients.

The Singapore Estate Agents Association (SEAA) Annual Conference 2021 urged property agents to embrace change and upskill in order to remain relevant to the needs of a dynamic world. At the conference, a set of recommendations was unveiled by the Council of Estate Agencies (CEA) to enhance competencies among property agents.

Guest of honour Indranee Thurai Rajah, Minister in the Prime Minister’s Office, Second Minister for Finance and Second Minister for Education, announced eight recommendations as part of the Real Estate Industry Transformation Map 2025. The changes include an increase in annual training requirements for property agents. Currently, agents must obtain six CPD credits each year to renew their license; however, from October 2025, they will need to fulfil 16 hours of training annually.

Adam Wang, president of the Singapore Estate Agents Association (SEAA), says the need for agents to stay ahead of trends has become crucial. He opined, “As professionals in our field, it is our duty to upskill, stay ahead of these trends and adapt to the changing landscape to remain relevant to the needs of a dynamic world.”

The conference featured presentations on market developments from panellists, including UOB’s head of research and executive director, Suan Teck Kin; JLL’s executive director for capital markets, Tan Hong Boon; and EdgeProp Singapore CEO Bernard Tong.

Suan provided an update on the macroeconomic outlook for Singapore. The country’s economic growth is expected to slow this year compared to 3.6% GDP growth in 2020 amid a dip in the manufacturing sector. Tourism and financial services will help to offset the downturn, however, UOB anticipates Singapore economic growth of approximately 0.7% this year.

Tan outlined the collective sale market, which has seen activity slow in the past few years. Since 2020, $6.8 billion worth of collective sales have occurred, compared to $21 billion transacted between 2015 to 2019. He attributes sales volume and prices of both new launches and resale homes to pent-up demand and an inadequate supply of new homes.

Bernard Tong highlighted drivers underpinning the movement of demand and supply in the property market. He used information extracted using the EdgeProp LandLens tool to highlight relevant drivers in select key areas. For example, in District 15, there are over 32,000 existing condo units; whereas, in the Lentor area, there will be almost double the existing supply of condo units of around 4,000 units over the next five to seven years.

In conclusion, the conference reiterated the need for agents to keep up to date with different factors such as population growth, new infrastructure and supply dynamics to better explain trends and market developments to their clients that will ultimately impact property decision-making.