News roundup: India’s Hyderabad residential market trends Q1 2024, plus more news

For PropertyGuru’s real estate news roundup, go on a deep dive regarding the Q1 2024 residential market trends in southern India’s city of Hyderabad. In other updates, Singapore’s tiny hotels are growing in demand, boosting the country’s eco-tourism market. Lastly, according to John McGrath, Australian millennials have become the most active generation of property investors.

Hyderabad residential market trends Q1 2024: Evaluating the significance of the new supply drop in the capital of India’s Telangana state

In southern India’s Telangana state, Hyderabad’s housing market has seen substantial expansion, mirroring the city’s progressive spirit, as evident in its fast-changing urban landscape. The robust IT industry, fuelling a vibrant economy, has drawn professionals from across the country seeking promising job opportunities, spurring the development of residential properties across the city. As per Housing.com’s report, Hyderabad offers a wide selection of residential options, catering to a range of budgets and satisfying different buyer tastes. Prospective homeowners will have an abundance of options, spanning from modern high-rise apartments to spacious villas and secured gated communities.

Tiny hotels eye expansion amid high demand, growing Singapore’s eco-tourism market

Tiny hotels such as repurposed shipping containers or compact modular cabins could soon be a more common sight in Singapore, according to a CNA report.

Hoteliers in the space are looking to grow the novel ‘tiny living’ hospitality experience, spurred on by high occupancy rates and a growing market for eco-tourism.

Analysts said that these hotel concepts are cheaper to build and operate amid a high business cost environment, and also more sustainable as they use fewer and more eco-friendly resources.

John McGrath – Australian millennial investors go it alone in property

Millennials have become the most active generation of investors with about one in three buying property on their own, using strategies such as rentvesting to begin their property ownership journey.

The Commonwealth Bank says 46 percent of its new property investor customers last year were Millennials, who were born between 1981 and 1996. The next biggest generation of investors were Gen Xers, born between 1965 to 1980, who accounted for 37 percent of investment purchases.

Rentvesting is one of many great examples John McGrath has seen of younger generations adapting to the inevitable affordability challenges of a consistently rising property market like Australia’s. McGrath says in The Real Estate Conversation he is impressed to see people in their 30s and early 40s making up such a big proportion of CommBank’s new investor clientele last year.

The Property Report editors wrote this article. For more information, email: [email protected].