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Prime Office Rents Continues To Fall
24 March 09 11:50 AM | Winston Yap | 0 Comments   
The slide in prime office rents has continued into the first quarter of this year. CB Richard Ellis estimates that average Grade A and prime office rental values in Singapore both slipped about 18 per cent in Q1 this year over the preceding quarter. CBRE’s Read More...
Office Occupancy Cost In Singapore Falls 22 Per Cent
19 March 09 12:35 PM | Winston Yap | 0 Comments   
GRADE A office occupancy cost in Singapore dropped 22 per cent from an annual average gross rent of US$125.06 per sq ft in the first half of 2008 to US$97.07 psf in the second half. But Singapore remained the third most expensive city in the Asia-Pacific, Read More...
Singapore Office Rental Third Costliest Despite Fall
19 March 09 12:10 PM | Winston Yap | 0 Comments   
OFFICE rents here fell by 22 per cent last year, but Singapore is still the Asia-Pacific’s third costliest city for business tenants, according to Colliers International’s latest review. Hong Kong and Tokyo were No. 1 and No. 2 respectively. Read More...
Suntec City Floor Sold For $1,300 Per Square Foot
13 March 09 12:33 PM | Winston Yap | 0 Comments   
The entire 32nd floor of Suntec City Tower 1 has been sold for about $1,300 per square foot of strata area, which is about 40 per cent lower than what strata floors in the development were fetching about seven or eight months ago. BT understands the buyer Read More...
Prime Office Space In Singapore Fell A Steep 14%
03 March 09 11:53 AM | Winston Yap | 0 Comments   
Office rents for Grade A/Prime space in Singapore fell a steep 14 per cent in Q408 on a year-on-year (yoy) basis, the sharpest fall in Asia. In Tokyo, office rents fell 13.4 per cent yoy while in Hong Kong (citywide), rents fell 13.2 per cent yoy. In Read More...

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