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Office rents edged down 3.2% in Q4 2019
Office rents edged down 3.2% in Q4 2019
Demand is expected to be subdued in 2020 due to companies’ budget restraints for expansion. Office space rents saw a decrease of 3.2% in Q4 2019, a bigger plunge compared to the 0.6% slide in the previous quarter, according to a report by the Urban Redevelopment Authority (URA). For the whole of 2019, office space rentals declined 3.1%.
Home prices jumped 2.7% in 2019: URA
Prices of landed homes grew 5.7% for the whole year. Prices of private homes leapt 2.7% YoY for 2019, according to the Urban Redevelopment Authority (URA). For Q4 2019, prices also grew 0.5%. Prices of landed residential properties rose by 5.7% whilst those of non-landed properties rose by 1.9%. For Q4 2019, prices of landed and non-landed properties increased by 3.6% and fell by 0.3% respectively. For the whole of 2019, prices of non-landed properties in Core Central Region (CCR) decreased by 1.7%, whilst prices in Rest of Central Region (RCR) and Outside Central Region (OCR) increased by 2.8% and 4.2% respectively. Home rentals Rents also enjoyed growth in 2019, having risen by 1.4% compared to the 0.6% increase in 2018. For Q4 2019, rents dipped 1%. Rentals of landed properties decreased by 3.4% whilst rentals of non-landed properties increased by 1.9%. For Q4 2019, rentals of landed and non-landed properties both decreased by 1.6% and 0.9%, respectively.
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Keppel DC REIT's NPI climbed 12.4% to $177.28m in 2019
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CapitaLand Commercial Trust NPI up 2.1% to $321.22m in 2019
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Digital banks won't be a threat to big Singaporean banks: analyst
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Improved occupancy from its business park buildings drove growth.
CMT and CCT merge to form Singapore's largest REIT
It is set to be CapitaLand’s primary investment vehicle for commercial real estate in Singapore.
CapitaLand Mall Trust's NPI up 13.1% to $558.22m in 2019
The acquisition of Infinity Mall Trust was its main revenue driver.
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