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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    Currencies
    NamePriceChange% Chg
    1.3735+0.0034+0.25%
    USDSGD=X
    1.4915-0.0002-0.02%
    EURSGD=X
    2.0359-0.0041-0.20%
    GBPSGD=X
    87.1377+0.155+0.18%
    SGDJPY=X
    5.6457-0.0134-0.24%
    SGDHKD=X
    2.7079+0.0224+0.84%
    SGDMYR=X
    9,514.0381-27.6104-0.29%
    SGDIDR=X
    4.5177-0.0147-0.33%
    SGDCNY=X
    1.0560-0.0036-0.34%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,186.40-13.40-1.12%
    GCJ15.CMX
    16.76-0.31-1.81%
    SIK15.CMX
    67.73-0.66-0.97%
    ^XAU
    2.78+0.01+0.43%
    HGK15.CMX
    47.91-0.96-1.96%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.42-0.06
    ^FVX
    1.95-0.06
    ^TNX
    2.53-0.07
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.170.00+1.80%
    5GB.SI
    0.134+0.003+2.29%
    E13.SI
    0.2850.0000.00%
    5WA.SI
    0.144+0.003+2.13%
    5G9.SI
    0.77+0.02+3.36%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.18+0.02+13.92%
    M11.SI
    0.113+0.012+11.88%
    5MM.SI
    0.99+0.10+11.24%
    NC9.SI
    0.194+0.019+10.86%
    B69.SI
    0.22+0.02+10.00%
    5UF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.089-0.021-19.09%
    5TN.SI
    0.335-0.050-12.99%
    5DS.SI
    0.112-0.015-11.81%
    5NV.SI
    0.123-0.016-11.51%
    P36.SI
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    K2P.SI