Chart of the Day: Demand for office space remains healthy

In December 2012 alone, three major investment deals were closed.

Colliers International Singapore reported:

After the momentary breather in 3Q 2012, office sales activities picked up pace in 4Q 2012, on the back of a rush of office en bloc investment deals sealed before the end of the year.

In December 2012, the market saw the conclusion of three major investment deals – including Mapletree Commercial Trust’s acquisition of Mapletree Anson for S$680 million; DBS Group Holding’s purchase of a 30-per-cent stake in Marina Bay Financial Centre Tower 3 for S$1.035 billion; and United Engineers’ acquisition of 79 Anson Road for S$410 million.

Underpinned by sanguine investors’ sentiments, the average capital value of Grade A office space in the Raffles Place/New Downtown micro-market held firm for the second consecutive quarter at S$2,447 per sq ft in 4Q 2012. Consequently, the average capital value for the whole year dropped by a mere 0.5 per cent from S$2,459 per sq ft recorded in 4Q 2011.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3606+0.0025+0.19%
    USDSGD=X
    1.5312+0.0076+0.50%
    EURSGD=X
    1.7636+0.0064+0.36%
    GBPSGD=X
    73.7330-0.389-0.52%
    SGDJPY=X
    5.6983-0.0072-0.13%
    SGDHKD=X
    3.0334+0.0066+0.22%
    SGDMYR=X
    9,576.2812-79.252-0.82%
    SGDIDR=X
    4.9007-0.0059-0.12%
    SGDCNY=X
    1.0385+0.0035+0.34%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,341.20-0.50-0.04%
    GCZ16.CMX
    19.47-0.34-1.72%
    SIZ16.CMX
    94.61-1.15-1.20%
    ^XAU
    2.19-0.01-0.36%
    HGZ16.CMX
    43.85+0.41+0.94%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.13-0.03
    ^FVX
    1.59-0.03
    ^TNX
    2.33-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.138+0.002+1.47%
    N21.SI
    0.74+0.02+2.78%
    BS6.SI
    0.141-0.002-1.40%
    5DM.SI
    0.265-0.005-1.85%
    5ME.SI
    0.355-0.005-1.39%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.225+0.025+12.50%
    BTF.SI
    0.475+0.050+11.76%
    AWC.SI
    0.147+0.011+8.09%
    5NF.SI
    0.60+0.04+7.14%
    BDR.SI
    0.195+0.013+7.14%
    43B.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.345-0.060-14.81%
    BLR.SI
    1.16-0.20-14.71%
    P01.SI
    0.164-0.026-13.68%
    AWI.SI
    0.22-0.03-12.00%
    BJD.SI
    0.425-0.055-11.46%
    BLL.SI