Country Focus: Singapore
Posted: 2017-01-30 12:10:32Republic of Singapore
Overview
A long slump in Singapore's retail, residential and office property markets shows no signs of ending soon as declining occupancy weighs on older marquee sites in the regional financial hub and banks and other key tenants shed staff and look at new and often better options.
In a report this week, Deutsche Bank noted that office rents were down 18 percent from 1Q15 peaks, while capital values were off just 8 percent. That suggested rental yields were down for investors.
Deutsche Bank expected Grade-A office net supply to rise 117 percent this year.