CBD Grade A office occupancy rate edges up to 94.1%

It's the highest in almost 2 years.

According to Colliers International, business sentiment in Singapore remained generally positive on the back of intermittent positive economic news in 4Q 2012 as a result of a slew of stimulating measures implemented across the globe to spur economic growth.

Supported by healthy demand from tenants relocating to quality office space, the average occupancy rate of CBD Grade A office space strengthened further from 93.1% in 3Q 2012 to 94.1% in 4Q 2012, the highest level in almost two years.

"The increase in occupancy helped moderate the decline in rent for CBD Grade A office space to 0.6% QoQ, the slowest pace of decline since the market headed south a year ago," Colliers said.



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MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.172+0.001+0.58%
    N21.SI
    0.925+0.005+0.54%
    G13.SI
    0.169+0.005+3.05%
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    40E.SI
    0.420.00+1.20%
    E5H.SI
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    % Gainers
    NamePriceChange% Chg
    0.225+0.035+18.42%
    BTJ.SI
    0.255+0.035+15.91%
    AWI.SI
    0.40+0.05+14.29%
    L5I.SI
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    BHU.SI
    0.169+0.014+9.03%
    AWS.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.33-0.23-41.07%
    MR8.SI
    0.15-0.03-18.48%
    5MQ.SI
    0.205-0.015-6.82%
    AXH.SI
    0.225-0.015-6.25%
    1C3.SI
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    S29.SI

Market Data

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    1.4285-0.0003-0.02%
    USDSGD=X
    1.5187-0.0002-0.01%
    EURSGD=X
    1.7520+0.0003+0.02%
    GBPSGD=X
    80.2420+0.089+0.11%
    SGDJPY=X
    5.4274+0.0014+0.03%
    SGDHKD=X
    3.1274-0.0078-0.25%
    SGDMYR=X
    9,368.80470.000.00%
    SGDIDR=X
    4.78360.000.00%
    SGDCNY=X
    1.0733+0.0003+0.03%
    AUDSGD=X
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    1,204.40-7.70-0.64%
    GCG17.CMX
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    SIH17.CMX
    87.96-1.13-1.27%
    ^XAU
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