Singapore Commercial Property Investment Waned by 66 Percent in Q1

propertylaunchguru Fri May 27, 2016 5:44 am

Concurring once more to JLL, Singapore office market is likewise looking to prioritize tenants this year 2016 and 2017 merely before changing to a verifiable position in year 2018. Likewise, the prime office sector and great values is promised to go through a drop of rental close to 10 to 20 percent this 2016. The descent was mainly anticipated to the lack of big-ticket transaction during the quarter as the demands of investors were weakened by the evolving list of vacancies and the record count of groundbreaking completions. There is a crucial drop down of Singapore commercial section in the first quarter of 2016. Property consultancy JLL accounted that commercial real estate investment slumped by 66 percent to nearly US$700 million.

For more info on the Rising Projects, view https://www.propertyreview.sg/singapore-commercial-property-investment-declined-by-66-in-q1/.