Advertisement
Singapore markets closed

  • Straits Times Index

    3,271.89
    +46.72 (+1.45%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • Dow

    38,239.98
    +253.58 (+0.67%)
     

  • Nasdaq

    15,451.31
    +169.30 (+1.11%)
     

  • Bitcoin USD

    66,207.14
    +162.16 (+0.25%)
     

  • CMC Crypto 200

    1,393.96
    -20.80 (-1.47%)
     

  • FTSE 100

    8,043.08
    +19.21 (+0.24%)
     

  • Gold

    2,316.10
    -30.30 (-1.29%)
     

  • Crude Oil

    82.52
    +0.62 (+0.76%)
     

  • 10-Yr Bond

    4.6230
    +0.0080 (+0.17%)
     

  • Nikkei

    37,552.16
    +113.55 (+0.30%)
     

  • Hang Seng

    16,828.93
    +317.24 (+1.92%)
     

  • FTSE Bursa Malaysia

    1,561.22
    +1.63 (+0.10%)
     

  • Jakarta Composite Index

    7,127.78
    +53.96 (+0.76%)
     

  • PSE Index

    6,506.80
    +62.72 (+0.97%)
     

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

Singapore Business Review
Source: Savills Research & Consultancy

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.

ADVERTISEMENT

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