27-05-2016, 02:03 PM
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Super Member
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Join Date: Jan 2012
Posts: 935
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Commercial Real Estate Investment Went Down by 66% in Q1
There is a great swing of Singapore commercial segment in the initial quarter of 2016. Property consultancy JLL covered that commercial real estate investment slumped by 66 percent to nearly US$700 million. Corresponding once more to JLL, Singapore office market is also expecting to prioritize renters this year 2016 and 2017 merely before changing to a neutral stance in year 2018.
The descent was mainly attributable to the deficiency of costly dealings during the quarter as the demands of investors were impaired by the rising issue of vacancies and the record counting of newfound completions. Also, the prime office sector and capital rates is forecasted to experience a drop of lease around 10 to 20 per centum this 2016.
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