News

Commercial Property

Staff Reporter

, Singapore

Published:

9 years ago

Daily Briefing: Grade A offices brace for steeper decline in rents and occupancy; Singapore's banking sector promotes SEA growth

And here's what Singapore homebuyers have on their wishlist.

Tenants who are starting to ditch old office buildings to seek for quality ones are putting pressure on Grade A office space rents. According to a study by Knight Frank, Grade A offices will see a larger decline in rents and occupancy than Grade A+ offices in the coming quarters. Read the full story here.

The city-state has remain an important banking and financial centre in Asia-Pacific region, 121 foreign banks having a presence in it along with the three local banking giants. According to data issued by the Monetary Authority of Singapore (MAS), the country’s banking industry had a total asset size of almost US$2 trillion at the end of December 2013. Read more here.

What do Singaporean homeseekers have on their wishlist? Aside preferring private homes priced between $1 million and $5 million, these homebuyers also have a strong inclination to buy uncompleted homes. Check out what Singaporean homebuyers have in their wish list here.

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