Daily Briefing: Singapore property now less attractive to investors; Retail rents fall in Q1

And Temasek sees valuation issues in Chinese tech sector.

Singapore’s appeal as a property investment destination for institutional investors has diminished this year, in comparison to other developed Asia Pacific cities, particularly in Australia and Japan. This decline in popularity has been attributed to the property cooling measures, and the glut in office and logistics space amid softer consumer sentiment. Read more here.

Average monthly rent of first-storey retail space across Singapore dropped 1.2 percent quarter-on-quarter in Q1, marking its fourth straight quarter of decline since Q2 2015, a DTZ report revealed. Average monthly rent for this space fell by 7 percent year-on-year to about S$30.15 per sq ft in Q1 2016. Read more here.

There is valuation concern within China’s technology industry after investors piled into the sector in the last couple of years, said an executive of Temasek Holdings Pte, an investor in e-commerce giant Alibaba Group Holding Ltd. before its 2014 initial public offering. Read more here.

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