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
    1.4184+0.0058+0.41%
    USDSGD=X
    1.5975-0.0003-0.02%
    EURSGD=X
    2.1670+0.0048+0.22%
    GBPSGD=X
    84.6659+0.1403+0.17%
    SGDJPY=X
    5.4640-0.0222-0.40%
    SGDHKD=X
    2.9697+0.0009+0.03%
    SGDMYR=X
    9,949.3184+9.4521+0.10%
    SGDIDR=X
    4.4809-0.0258-0.57%
    SGDCNY=X
    0.9929+0.0019+0.20%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,138.00-1.80-0.16%
    GCZ15.CMX
    14.53-0.09-0.58%
    SIZ15.CMX
    46.81-1.62-3.34%
    ^XAU
    2.310.00+0.20%
    HGZ15.CMX
    44.39-1.02-2.25%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.50-0.04
    ^FVX
    2.17-0.03
    ^TNX
    2.930.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.132+0.004+3.12%
    5DN.SI
    0.310.00-1.59%
    5WA.SI
    0.53+0.01+1.92%
    N21.SI
    0.3050.0000.00%
    E5H.SI
    3.67-0.04-1.08%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.28+0.05+21.74%
    L38.SI
    0.24+0.04+21.21%
    C10.SI
    0.295+0.045+18.00%
    578.SI
    0.485+0.055+12.79%
    MN5.SI
    0.33+0.03+10.00%
    5VI.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.105-0.033-23.91%
    5DL.SI
    0.17-0.03-15.00%
    5G1.SI
    0.094-0.016-14.55%
    F10.SI
    0.095-0.015-13.64%
    T77.SI
    0.14-0.02-12.50%
    T19.SI