10 Feb '13, 7am

Minimal movement in #Singapore #rents: #Colliers | CommercialGuru #office #GradeA #CRE

Rental movements across Singapore’s office, retail, industrial and residential segments are expected to be moderate this year, according to a report by Colliers International. Compared to 2012, rents of Grade A buildings are forecast to decline by five percent in 2013, while capital values could rise by five percent. Rents of luxury non-landed private housing could fall by 10 percent, while capital values may dip five percent. At the same time, rents of ground floor retail space could fall by five percent, but capital values may rise by three percent. Industrial rents are forecasted to increase by five percent, while capital values will remain the same. Chia Siew Chuin, Director of Research & Advisory at Colliers International, said: “Additional challenges will loom in the retail and industrial sectors, as a more difficult business and operational environment – including s...

Full article: http://www.commercialguru.com.sg/property-management-news...

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