26 Apr '13, 6am

Turning point for office market

Turning point for office market http://www.businesstimes.com.sg/arch...arket-20130425 Published April 25, 2013 Turning point for office market CHRIS MARRIOTT and ALAN CHEONG say conventional wisdom is being challenged by low interest rates, non-CBD supply AMONG the major sectors of the local property market, the office sector had been seen as a pariah. The post-Lehman crisis redrew the financial landscape where deleveraging was the buzzword. Financial institutions were in no mood to expand, cost cuttings were deep and on top of that, the crisis triggered a series of flare-ups in the eurozone. As the supply of Grade A office buildings in the CBD increased with the completion of the new buildings in the Marina Bay area, vacancy levels started to rise. Consequently, by the law of demand and supply, rents began to decline, and had been doing so continuously since the second qu...

Full article: http://forums.condosingapore.com/showthread.php?p=393032#...

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