‘Lower rents’ for Prime Office Space in Singapore

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Published on 26 January 2012 on Straits Times Vacancy rates up as global slowdown hits financial services sector: Report By Cheryl Lim The weakening economy is starting to take a toll on prime office space in Singapore, according to a new report. Vacancy rates in these buildings crept higher as rents slipped in the final… Read More

Office Vacancy Rates Up, Rentals Down in Q4

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Published on 26 January 2012 on ChannelNewsAsia By Avelyn Ng SINGAPORE: Vacancy rates of Grade A offices in the central business district (CBD) rose to 6.9 percent in the fourth quarter last year, according to property consultancy Savills Research in its latest report on the office sector on Wednesday. It said vacancy rates for such… Read More

Higher Rents Expected for Some CCT Properties

Trust management chief Lynette Leong believes CCT will be able to achieve higher rents for leases renewed this year at its Raffles City Tower (above) and Capital Tower properties as their rates are lower than the average market rent for grade A offices. -- PHOTO: RAFFLES CITY

Published on 21 January 2012 on Straits Time CapitaCommercial Trust says its rates are below market average By Cheryl Lim CAPITACOMMERCIAL Trust (CCT) expects to raise rents at some of its properties even though the year ahead is anticipated to be less buoyant for the office property segment. The trust has a portfolio of nine… Read More

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Prime Office Occupancy, Rents Sliding

Asia Square (above) has seen rents fall from about $14 per sq ft a month at the beginning of this year to about $12 or $13 now. At Ocean Financial Centre, rents have dipped from $12 psf to $11 now. -- PHOTOS: ASIA SQUARE, BT

Published on Straits Times on 27 December 2011 By Cheryl Lim AS THE year draws to a close, it looks as though occupancy levels of offices in Singapore’s prime areas are on the way down, along with rental levels. Analysts said overall occupancy in the prime office sector for the full year is set for… Read More

Investors Look to Commercial Property

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Published on The Sunday Times, Invest Section Cooling measures in residential sector have sparked a search for alternative segments By Esther Teo, Property Reporter The latest rule changes to cool the property market are again prompting investors to turn away from the residential segment and to look at prospects in the commercial and industrial sectors…. Read More

S’pore’s Office Property Market Cools in 2011

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Published on 16 December 2011 on ChannelNewsAsia By Wong Siew Ying SINGAPORE: Singapore’s office property market cooled in 2011, weighed down by concerns over the anemic growth in the US and the eurozone debt crisis. Analysts said vacancies are likely to rise next year as a result of economic slowdown and weaker business. There may… Read More