23 Nov '17, 4am

Singapore listed one of Asia Pacific's top real estate investment markets

After two years of falling rents caused by a glut of supply and a sluggish economy, the promise of a bottom in the city-state’s office market pushed its ranking up from next-to-bottom last year to third in this year’s Emerging Trends in Real Estate Asia Pacific 2018 report. “This position is reassuring for Singapore’s investment prospects, given that we have major projects in the pipeline to transform our city, such as the development of Jurong Lake District as an exciting second Central Business District, and the doubling of capacities of both our air and sea ports,” said Khoo Teng Chye, Chairman of the Urban Land Institute (ULI) Singapore, and Executive Director at Centre for Liveable Cities. Jointly published by PwC and ULI, the report noted that office rents in Singapore firmed earlier than expected, while the completion of Asia Pacific’s biggest office deal in Septemb...

Full article: https://www.propertyguru.com.sg/property-management-news/...

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