27 Feb '14, 2am

Bright outlook for Singapore's commercial sector: report

Feb 6, 2014 - CommercialGuru.com.sg E-mail to friend Bookmark & Share Prime office rents across 25 major markets are projected to rise by an average of more than four percent this year due to a low supply pipeline, brighter economic prospects and rising corporate demand, according to Jones Lang LaSalle. But the strongest growth is expected to happen in gateway cities including Singapore, Dubai, Tokyo, London, New York and San Francisco, said JLL’s Global Market Perspective for Q1 2014. Notably, only one-third of Asia Pacific markets saw growth in net office rents last year, with Singapore and Jakarta recording the highest increase. Meanwhile, global property transactions in the hospitality sector are expected to hit US$50 billion (S$63.5 billion) in 2014 due to increasing cross-border activity, strong hotel operating fundamentals, improving debt financing for hotels in mat...

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

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