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.



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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3480-0.003-0.23%
    USDSGD=X
    1.4757+0.0029+0.20%
    EURSGD=X
    2.0642-0.01-0.48%
    GBPSGD=X
    91.9698+0.3928+0.43%
    SGDJPY=X
    5.7526+0.0104+0.18%
    SGDHKD=X
    2.7100+0.0132+0.49%
    SGDMYR=X
    9,774.4287+22.3721+0.23%
    SGDIDR=X
    4.6007+0.0113+0.25%
    SGDCNY=X
    1.0312-0.0132-1.27%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,188.60+2.10+0.18%
    GCQ15.CMX
    16.68+0.04+0.23%
    SIN15.CMX
    69.83+1.07+1.56%
    ^XAU
    2.770.00+0.05%
    HGN15.CMX
    57.79+0.28+0.49%
    CLN15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.51-0.02
    ^FVX
    2.13-0.01
    ^TNX
    2.88+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.195+0.020+11.43%
    F13.SI
    0.415-0.010-2.35%
    E5H.SI
    0.335-0.005-1.47%
    AFC.SI
    0.290.000.00%
    5WA.SI
    4.12-0.04-0.96%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.18+0.03+20.00%
    P36.SI
    0.155+0.021+15.67%
    5F4.SI
    0.128+0.014+12.28%
    510.SI
    0.195+0.020+11.43%
    F13.SI
    0.33+0.03+8.20%
    T18.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.192-0.108-36.00%
    AYE.SI
    0.15-0.02-11.76%
    5MQ.SI
    0.31-0.04-11.43%
    AYL.SI
    0.098-0.011-10.09%
    O2I.SI
    1.80-0.20-10.00%
    AYC.SI