24 Jan '14, 10am

Office space prices saw a slight increase of 0.5% in Q4 2013

Jan 24, 2014 - CommercialGuru.com.sg E-mail to friend Bookmark & Share Office space prices saw a slight increase of 0.5 percent in Q4 2013, according to the data release by the Urban Redevelopment Authority (URA) on Friday. Notably, the increase was lower than the 1.0 percent rise recorded in the previous quarter. Meanwhile, office rents also inched up by 0.5 percent in the same period last year, slightly lower than the 0.8 increase in Q3 2013. In the past 12 months, office space prices rose by 5.2 percent while office rents rose by 1.3 percent. According to Colliers International, the moderation of office rents and prices is likely due to “to decelerating transaction activities as a result of the imposition of the Total Debt Service Ratio.” “Only 83 caveats were lodged for strata-titled office units between October and December 2013, fewer than the 116 caveats lodged in t...

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

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