Chart of the Day: Demand for office space remains healthy

In December 2012 alone, three major investment deals were closed.

Colliers International Singapore reported:

After the momentary breather in 3Q 2012, office sales activities picked up pace in 4Q 2012, on the back of a rush of office en bloc investment deals sealed before the end of the year.

In December 2012, the market saw the conclusion of three major investment deals – including Mapletree Commercial Trust’s acquisition of Mapletree Anson for S$680 million; DBS Group Holding’s purchase of a 30-per-cent stake in Marina Bay Financial Centre Tower 3 for S$1.035 billion; and United Engineers’ acquisition of 79 Anson Road for S$410 million.

Underpinned by sanguine investors’ sentiments, the average capital value of Grade A office space in the Raffles Place/New Downtown micro-market held firm for the second consecutive quarter at S$2,447 per sq ft in 4Q 2012. Consequently, the average capital value for the whole year dropped by a mere 0.5 per cent from S$2,459 per sq ft recorded in 4Q 2011.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.