29 Jan '14, 11pm

Prime office rates to jump by 16% in Singapore | | #singapore #office #commercial #realestate #rental #asia

Singapore office property market recovery will gain further traction, with Grade 'A' and Premium Grade Singapore central business district office rents potentially increasing by between 10 percent to 16 percent year-on-year in 2014.” Despite the optimistic predictions for Singapore, Colliers also predicted that much of the rest of the world will see slow growth. "Our global economic expectations for the coming year are muted. For much of the world, even in many emerging economies, GDP growth below 5 percent in 2014 will be the norm. "Global central banks will wait and see what moves the U.S. Federal Reserve makes. As the Federal Reserve reins in quantitative easing, the higher cost of capital would only slow growth in many emerging markets. Property investors would see more risk in those places and instead more would turn their funds in chase of yields in secondary markets...

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

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