Impacted by a global slowdown, Singapore’s GDP growth is expected to moderate in 2019. Domestically, the office market performed above expectations in 2018 with healthy indicators on most fronts. Despite potential headwinds, prospects over the next couple of years looks positive, spurred by tightening vacancy and a tapering pipeline. For the retail sector, rental erosion has eased off and the market is showing signs of stabilisation after a prolonged period of rental correction. The industrial market appears to be stabilising where most of the supply pressure has been alleviated. On the residential front, the introduction of additional cooling measures are expected to dampen the market. Overall, with increasing interest rates, investors appear to be adopting a defensive investment strategy, as they seek stable assets with long term income growth. Read more about the outlook of these sectors in the Singapore Real Estate Market Outlook 2019 Report.