Chart of the Day: Average rents of CBD Grade A offices stabilise

Demand is slow and steady amid limited supply.

Savills Research & Consultancy reported:

Thanks to slow and steady demand and limited supply in the last quarter, average rents of CBD Grade A offices tracked by Savills are stabilising with a modest quarter-on-quarter decline of 0.9% in Q4/2012.

Among all Grade A offices, prime office buildings (Grade AAA) those in the Marina Bay precinct again showed the highest quarterly drop of 3.4% in Q4 to S$10.0 per sq ft per month, resulting in a 14.9% fall for the whole year of 2012.

On the other hand, other Grade A buildings softened by 3.3% year-on-year on back of healthy occupancy rates.

Consequently, the monthly rents of overall Grade A offices averaged at S$8.31 per sq ft in Q4/2012, falling by about 5.0% from S$8.72 per sq ft a year ago.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3916-0.0052-0.37%
    USDSGD=X
    1.5668-0.0103-0.65%
    EURSGD=X
    2.0174-0.0034-0.17%
    GBPSGD=X
    82.5210+0.1075+0.13%
    SGDJPY=X
    5.6017+0.0192+0.34%
    SGDHKD=X
    2.9677-0.0194-0.65%
    SGDMYR=X
    9,672.8418-56.5527-0.58%
    SGDIDR=X
    4.7260+0.0818+1.76%
    SGDCNY=X
    0.9874-0.0008-0.08%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,187.20-11.40-0.95%
    GCJ16.CMX
    15.18-0.27-1.74%
    SIH16.CMX
    54.34-2.43-4.28%
    ^XAU
    2.02-0.02-1.10%
    HGH16.CMX
    28.57+0.63+2.25%
    CLH16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.150.00
    ^FVX
    1.73-0.01
    ^TNX
    2.55-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.32-0.01-3.03%
    N21.SI
    1.65-0.03-1.79%
    MC0.SI
    3.68-0.02-0.54%
    Z74.SI
    0.685-0.020-2.84%
    G13.SI
    2.90-0.09-3.01%
    C31.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.20+0.04+25.00%
    5WR.SI
    62.06+7.42+13.58%
    NF6.SI
    0.385+0.035+10.00%
    AXJ.SI
    34.85+3.03+9.52%
    NF4.SI
    0.31+0.02+6.90%
    H19.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    1.34-0.41-23.43%
    5SR.SI
    0.142-0.027-15.98%
    B69.SI
    0.194-0.036-15.65%
    S9B.SI
    0.44-0.07-13.73%
    RQ1.SI
    3.40-0.45-11.69%
    H1O.SI