24 Jan '13, 8am

[SINGAPORE PROPERTY NEWS] OFFICE leasing activity should slow in the coming 6 months, with demand to be dominated by-->

OFFICE leasing activity should slow in the coming six months, with demand to be dominated by tenants with smaller space requirements. Knight Frank said this in a research note dated Tuesday that also summed up the sector's performance for 2012. "Gone are the days where you have major space takers that look at 15,000, 20,000 square feet (sq ft) and above in terms of their take-up," Png Poh Soon, head of research and consultancy at Knight Frank Singapore, said yesterday in a phone call. He said the company has received fewer enquiries to lease these big spaces, which tended to draw demand from financial sector players. This can be attributed to two key trends in finance over recent quarters: some of the banks moving their back office operations to suburban regions, and caution about bottom lines given the slowdown in the economy. Knight Frank expects prime rents in Central B...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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