Leonard Tay

Head, Research

Knight Frank SingaporeSG

Leonard consistently delivers astute insights on real estate shifts and trends backed by two decades of experience in the industry. His expertise in cross-sector market research, consultancy advisory and tenancy administration has positioned him as an invaluable resource among local and regional media.

Leonard has held research roles at CBRE and Colliers International, positions at the Housing and Development Board, and lecturing roles at Ngee Ann Polytechnic and the Singapore Institute of Surveyors and Valuers.

Get in touch

Research Reports

Singapore Residential Market Update

Published quarterly, this report provides an in-depth look at the performance of Singapore's residential market, examining prices and trends in the mainstream, prime and project sectors.

Read Report
Singapore Auction Market Update

Published quarterly, this bulletin reports the market performance of residential and commercial property auctions in Singapore.

Read Report
Singapore Industrial and Logistics Market Update

Published quarterly, this bulletin reports on market performance in the industrial sector in Singapore.

Read Report
Singapore Retail Market Update

Published quarterly, this bulletin reports on Singapore's retail market with a focus on recent developer and retailer activity.

Read Report
Singapore Investment Market Update

Published quarterly, this bulletin reports on real estate investment in Singapore with insights into the latest transaction trends.

Read Report
Singapore Office Market Update

Published quarterly, this bulletin reports on the office market performance in Singapore and our outlook for the sector.

Read Report
Singapore Strata Commercial Market Update

Published bi-annually, this bulletin reports on market performance in the strata commercial sector in Singapore.

Read Report
Singapore Shophouse Market Update

Published bi-annually, this bulletin reports on the market performance of shophouses in Singapore.

Read Report
Worker Dormitories in Singapore

A Joint Report by the Dormitory Association of Singapore Limited and Knight Frank Singapore.

Read Report
Planting Community and a Sustainability Culture

Knight Frank is committed to understanding the evolving needs of occupiers and the growing importance of ESG considerations in real estate decision-making.

Read Report
Singapore Prime Non-Landed & Landed Residential Update

Published bi-annually, this bulletin reports on the market performance of Singapore's prime non-landed and landed residential properties.

Read Report
Finding Hidden Gems in

In the fourth installment of our #hackyourhousehunt series, we look at landed homes in Serangoon, a popular suburban area.

Read Report
Singapore Research Market Report

Published quarterly and half-yearly, these reports review the real estate market performance in all sectors across the country.

Read Report
Finding Hidden Gems in Singapore’s

In the third installment of our #hackyourhousehunt series, we look at the private home offerings of Rochor, at the crossroads of history and culture.

Read Report
Finding Hidden Gems in Singapore’s Private

In the second installment of our #hackyourhousehunt series, we look at the landed offerings of Bedok, the largest planning area in Singapore

Read Report
Finding Hidden Gems in Singapore’s Private Housing Market

Pockets of opportunity in Singapore’s housing market abound, allowing today’s buyers to find an ideal home that matches their lifestyles and budgets.

Read Report
Finding Hidden Gems in Singapore’s Private Housing

In the first part of our #hackyourhousehunt series, we look at the offerings of Bukit Panjang, a residential town surrounded by verdant greenery

Read Report
Crafting Your Real Estate Strategy for New Growth

In view of current global uncertainty, high interest rates, widespread inflation and the need for sustainable buildings, how can individuals and organisations made decent returns on investment?.

Read Report
SG Revolution — EV & Petrol Stations in Singapore

Knight Frank explores how petrol kiosk sites can be repurposed as electric vehicle (EV) adoption increases.

Read Report
HDB Sustainability Paper

Knight Frank Singapore discusses the sustainable approaches HDB could take to meet Singapore's net zero goals by 2050.

Read Report
A Singapore Housing Journey

To give Singaporeans an overview of the market options available today, Knight Frank Singapore charts the journey of a couple, Mandy and Andy, as they go through the various stages of housing transition.

Read Report

Blog Posts

Monthly Developer Sales - November 2024

The burst of homebuyer activity in November with six new launches and the near sell out of Emerald of Katong has altered the residential mood

Read Article
Auction Market Update Q3 2024

More MCST sales at auctions

Read Article
Industrial and Logistics Market Update Q3 2024

Electronics driving manufacturing rebound

Read Article
Retail Market Update Q3 2024

Collaboration and innovation in the face of retail challenges

Read Article
Residential Market Update Q3 2024

Interest rate cuts to jolt the residential market into more activity

Read Article
Investment Market Update Q3 2024

Fortune favours the brave with the start of rate cuts

Read Article
Office Market Update Q3 2024

Efficiency from flexible working results in reduced space upon renewal or relocation

Read Article
Industrial and Logistics Market Update Q2 2024

The manufacturing sector claws back to growth

Read Article
Retail Market Update Q2 2024

Challenging operating environment after swift boom in earlier quarter

Read Article
Prime Residential Market Update H1 2024

Tentative pick up in prime and GCB sales

Read Article
Investment Market Update Q2 2024

A pick up in residential and commercial investment activity despite the quiet market

Read Article
Office Market Update Q2 2024

Office rental growth begins to plateau

Read Article
URA Real Estate Stats - Q4 2023

Overall price growth in the private residential market continued to ease.

Read Article
Auction Market Update Q3 2023

Rise in auction listings from increased mortgagee and owner sales.

Read Article
Industrial and Logistics Market Update Q3 2023

Industrial market riding out manufacturing woes

Read Article
Q2 2023 Industrial Statistics from JTC

Singapore’s manufacturing sector remains in the doldrums with manufacturing output data from the Economic Development Board showing a fall of 4.9% y-o-y in June 2023.

Read Article
GLS Tender Closing - Jalan Tembusu and Tampines Street 62 (Parcel B) Executive Condominium plot

The Jalan Tembusu site did not draw as much interest as expected, receiving just two bids.

Read Article
Monthly Developer Sales - June 2023

Demand for new private residential units in the remaining months of 2023 will continue to be underpinned by homebuyers purchasing for their own occupation, as household balance sheets remain healthy.

Read Article
Comments on URA Flash Estimate Q2 2023

Read Article
GLS Tender Closing - Marina Gardens Lane, Tampines Avenue 11 and Plantation Close

Read Article
Monthly Developer Sales - May 2023

Demand for units in the CCR is more resilient and regular as high-net-worth buyers invest in the safety, stability and security of primes residences

Read Article
OSZAR »