Rents might dip by as much as 20%.
The time when office rents in Singapore grew at a dizzyingly brisk pace is now in the past. With a record number of prime office completions slated in 2016, CIMB warns that rents will just get cheaper and cheaper in Singapore’s Central Business District.
CIMB said that rents are expected to drop by 15% to 20% from 2016 to 2017, on back of large completions and reduced tenant interest.
Following strong growth in the office rents over the past three years, rents have started to contract since the beginning of 2015, as landlords rush to secure their tenancies ahead of increased competition from the wave of incoming supply in 2016-17 as well as reduced appetite as a result of the slower pace of economic activities,” CIMB said.
CIMB also raised the alarm over...........Read more here
When I think “groundbreaking”, I think of Marvel and Guardians of the Galaxy, which starred a talking raccoon and a walking tree and still managed to pocket US$768 million at the worldwide box office to become this year’s #1 movie so far.
When I think groundbreaking, I don’t usually think of DBS home loans.
But DBS has definitely broken some new ground by introducing their Fixed Deposit Home Rate (FHR). This board rate hopes to become a viable alternative to the Singapore Interbank Offered Rate (SIBOR). Based on the take up rate of DBS home loan packages pegged to the FHR since its introduction in June this year, it seems to have worked.
Currently, DBS has simplified the FHR rate to a new FHR18 package. .. Read more here
25th Jan 2016 , By theweek.co.uk
Jan 25, by MoneySmart |
Jan 25, by StraitsTimes |
Jan 25, by Yahoo Finance |
Jan 26, by theweek.co.uk |
Jan 27, by Moneysmart |