<p><strong>低利率和资本流入支撑 2026 年展望。</strong></p>
<p>预计新加坡的房地产投资销售将在 2026 年上升，Savills 将其全年预测从 340 亿新元上调至 350 亿至 400 亿新元，原因是低利率、持续的资本流入以及强劲的第一季度势头。</p>
<p>该咨询公司表示，私人资本仍将是主要的需求驱动因素，特别是来自家族办公室、私募基金和寻求稳定回报及资本保值的高净值投资者。</p>
<p>它补充说，新加坡的避风港地位和透明的监管框架将继续吸引资本进入市场。</p>
<p>Savills 表示，开发商在强劲的新房销售后，可能会继续积极进行土地收购，以补充土地储备，尽管对政府土地出售地点的竞标预计将保持选择性。</p>
<p>它指出，开发商将继续关注具有强大客群、明确微观位置优势和可控开发风险的地点。</p>
<p>在商业市场中，办公和零售资产预计将是更具韧性的领域，受到低借贷成本的支持。</p>
<p>Savills 还表示，混合用途项目应会更加突出，因为开发商认为此类地点对住宅发布具有更强的市场吸引力，这将保持招标活动的活跃。</p>
<p>该咨询公司表示，对其预测的主要下行风险将是伊朗冲突升级为长期能源危机，这可能引发经济急剧放缓并重新施加利率上行压力。</p>
<p>除非出现这种情况，否则预计新加坡的投资市场将在今年剩余时间内保持基本韧性。</p>

<p>Savills 已将对新加坡房地产投资销售的 2026 年预测上调至 350 亿至 400 亿美元，高于 340 亿美元，这主要受到低利率和强劲资本流入的推动。该咨询公司强调，私人资本，特别是来自家族办公室和高净值投资者的资金，将成为主要的需求驱动因素。开发商预计将在土地收购方面保持活跃，重点关注具有强大优势的地块。该预测的主要风险是伊朗冲突可能升级，导致能源危机</p>

<p><strong>Low rates and capital inflows support the 2026 outlook.</strong></p>
<div class="lb-trans"><p><strong>低利率和资本流入支撑 2026 年展望。</strong></p>
</div><p>Singapore’s real estate investment sales are expected to rise in 2026, with Savills lifting its full-year forecast to $35b to $40b from $34b on the back of low interest rates, continued capital inflows, and strong first-quarter momentum.</p>
<div class="lb-trans"><p>预计新加坡的房地产投资销售将在 2026 年上升，Savills 将其全年预测从 340 亿新元上调至 350 亿至 400 亿新元，原因是低利率、持续的资本流入以及强劲的第一季度势头。</p>
</div><p>The consultancy said private capital should remain a key demand driver, particularly from family offices, private funds, and high-net-worth investors seeking stable returns and capital preservation in a lower-rate environment.</p>
<div class="lb-trans"><p>该咨询公司表示，私人资本仍将是主要的需求驱动因素，特别是来自家族办公室、私募基金和寻求稳定回报及资本保值的高净值投资者。</p>
</div><p>It added that Singapore’s safe-haven status and transparent regulatory framework should continue to attract capital into the market.</p>
<div class="lb-trans"><p>它补充说，新加坡的避风港地位和透明的监管框架将继续吸引资本进入市场。</p>
</div><p>Savills said developers are also likely to stay active in land acquisitions as they replenish land banks after strong new home sales, although bidding for government land sale sites is expected to remain selective.</p>
<div class="lb-trans"><p>Savills 表示，开发商在强劲的新房销售后，可能会继续积极进行土地收购，以补充土地储备，尽管对政府土地出售地点的竞标预计将保持选择性。</p>
</div><p>It said developers would continue to focus on sites with strong catchments, clear micro-location advantages, and manageable development risks.</p>
<div class="lb-trans"><p>它指出，开发商将继续关注具有强大客群、明确微观位置优势和可控开发风险的地点。</p>
</div><p>In the commercial market, office and retail assets are expected to be among the more resilient sectors, supported by low borrowing costs.</p>
<div class="lb-trans"><p>在商业市场中，办公和零售资产预计将是更具韧性的领域，受到低借贷成本的支持。</p>
</div><p>Savills also said mixed-use projects should feature more prominently, as developers see such sites as offering stronger marketing appeal for residential launches, which should keep tender activity healthy.</p>
<div class="lb-trans"><p>Savills 还表示，混合用途项目应会更加突出，因为开发商认为此类地点对住宅发布具有更强的市场吸引力，这将保持招标活动的活跃。</p>
</div><p>The consultancy said the main downside risk to its forecast would be an escalation of the Iran conflict into a prolonged energy crisis, which could trigger a sharp economic slowdown and renewed upward pressure on interest rates.</p>
<div class="lb-trans"><p>该咨询公司表示，对其预测的主要下行风险将是伊朗冲突升级为长期能源危机，这可能引发经济急剧放缓并重新施加利率上行压力。</p>
</div><p>Barring that scenario, it expects Singapore’s investment market to remain fundamentally resilient through the rest of the year.</p>
<div class="lb-trans"><p>除非出现这种情况，否则预计新加坡的投资市场将在今年剩余时间内保持基本韧性。</p>
</div>

第二轮翻译：Savills 将新加坡投资销售额预测上调至 350 亿