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
    1.3637-0.0003-0.02%
    USDSGD=X
    1.5237-0.0063-0.41%
    EURSGD=X
    1.7669-0.0012-0.07%
    GBPSGD=X
    74.1890+0.118+0.16%
    SGDJPY=X
    5.6836-0.0004-0.01%
    SGDHKD=X
    3.0308+0.0079+0.26%
    SGDMYR=X
    9,568.2803+25.5674+0.27%
    SGDIDR=X
    4.8918+0.0048+0.10%
    SGDCNY=X
    1.0394-0.0015-0.14%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,328.60+2.60+0.20%
    GCZ16.CMX
    19.36+0.18+0.92%
    SIZ16.CMX
    95.01-0.66-0.69%
    ^XAU
    2.20+0.01+0.30%
    HGZ16.CMX
    43.85+0.41+0.94%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.12-0.01
    ^FVX
    1.56-0.01
    ^TNX
    2.28-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.152-0.008-5.00%
    N21.SI
    0.12+0.01+12.15%
    40F.SI
    0.115+0.003+2.68%
    40E.SI
    0.113+0.007+6.60%
    43E.SI
    3.97-0.05-1.24%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.186+0.025+15.53%
    AWS.SI
    0.12+0.01+12.15%
    40F.SI
    0.164+0.016+10.81%
    40N.SI
    1.35+0.11+8.43%
    U19.SI
    0.475+0.035+7.95%
    NC2.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.36-0.24-40.00%
    AWG.SI
    0.20-0.06-23.08%
    AWI.SI
    0.27-0.03-11.48%
    BQO.SI
    0.30-0.03-9.09%
    5VP.SI
    0.265-0.025-8.62%
    BKA.SI