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
    1.3679+0.0054+0.40%
    USDSGD=X
    1.5144-0.0089-0.58%
    EURSGD=X
    2.0872-0.0059-0.28%
    GBPSGD=X
    87.5195-0.3007-0.34%
    SGDJPY=X
    5.6684-0.0234-0.41%
    SGDHKD=X
    2.6804+0.0208+0.78%
    SGDMYR=X
    9,586.6455+56.3662+0.59%
    SGDIDR=X
    4.5841-0.0211-0.46%
    SGDCNY=X
    1.0697+0.0045+0.43%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,220.00+6.90+0.57%
    GCJ15.CMX
    16.74+0.18+1.10%
    SIK15.CMX
    72.88-0.92-1.25%
    ^XAU
    2.71+0.02+0.65%
    HGK15.CMX
    49.23-0.53-1.07%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.61-0.01
    ^FVX
    2.13+0.01
    ^TNX
    2.72+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    100.014+0.0020.00%
    41H.SI
    0.280.000.00%
    5WA.SI
    0.425+0.010+2.41%
    E5H.SI
    1.00-0.01-0.99%
    N21.SI
    0.73+0.02+2.82%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.35+0.05+16.67%
    Y06.SI
    0.139+0.019+15.83%
    O2I.SI
    0.315+0.040+14.55%
    AFC.SI
    0.144+0.014+10.77%
    5GF.SI
    0.33+0.03+10.00%
    5VI.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.21-0.03-12.50%
    5PL.SI
    0.105-0.010-8.70%
    5TN.SI
    0.225-0.020-8.16%
    MR8.SI
    0.183-0.015-7.58%
    B69.SI
    0.29-0.02-6.45%
    PA3.SI