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
    1.3528-0.0009-0.07%
    USDSGD=X
    1.5244-0.0005-0.03%
    EURSGD=X
    1.7874-0.0032-0.18%
    GBPSGD=X
    74.1720+0.029+0.04%
    SGDJPY=X
    5.7304+0.0068+0.12%
    SGDHKD=X
    2.9741-0.0028-0.09%
    SGDMYR=X
    9,795.6807+12.4395+0.13%
    SGDIDR=X
    4.9214+0.0081+0.16%
    SGDCNY=X
    1.0313+0.0006+0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,329.700.000.00%
    GCZ16.CMX
    18.59+0.03+0.18%
    SIU16.CMX
    95.34-8.55-8.23%
    ^XAU
    2.08+0.01+0.24%
    HGU16.CMX
    46.85+0.08+0.17%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.140.00
    ^FVX
    1.56+0.01
    ^TNX
    2.24+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.128-0.001-0.78%
    N21.SI
    0.600.000.00%
    5TP.SI
    0.990.000.00%
    Y92.SI
    0.355-0.010-2.74%
    E5H.SI
    1.04-0.04-3.70%
    OV8.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.45+0.09+26.76%
    AYB.SI
    0.47+0.09+22.08%
    E8Z.SI
    0.34+0.03+11.48%
    41A.SI
    0.605+0.055+10.00%
    BDR.SI
    0.71+0.05+7.58%
    BTE.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.13-0.02-15.58%
    RF7.SI
    0.26-0.04-13.33%
    BDU.SI
    0.33-0.05-13.16%
    AYV.SI
    0.20-0.03-13.04%
    AWI.SI
    0.40-0.06-13.04%
    BBW.SI