Another development cycle has passed and all the metrics show Singapore's office market is on another upward cycle. Historically, the Singapore Grade A office market runs on a two-to-three year range rental cycle. This is very much to do with the short-run economic cycles and the tight control by the Singapore government over office land sales. But there are signs that this trend could be a thing of the...
Singapore’s office market is in the early stages of a recovery as tapering office supply and strong pre-commitment levels have caused the office vacancy rate to decline, offering landlords higher bargaining power to increase rents. “Office rent is expected to increase by 20 to 25 per cent between 2018 and 2020, of which 12 to 16 per cent is expected in 2018,” said Ms Regina Lim, head of capital...
Interest in commercial and industrial property could shoot up as investors look for alternative opportunities following the latest tough new cooling measures for residential real estate, say experts. Retail investors who can afford a higher capital outlay could turn to strata-titled offices and conserved shophouses that are zoned commercial, said Cushman & Wakefield's senior director of research...
Office rentals in Singapore suffered their sharpest quarterly drop since 2000 in the final three months of last year. A research report from property consultancy CB Richard Ellis (CBRE) said Grade A office rents fell 20 per cent on-quarter in the fourth quarter of last year, to an average of S$15 per square foot. Average office rents stood at some S$13 per square foot, down 14 per cent from a year...
Compare listings
Compare