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Commercial Real Estate Investment Went Down by 66 Percent in Q1

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Location: Others

Date posted 27 May 2016

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Ad ID: 13507

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There is a great swing of Singapore commercial section in the first quarter of this year, 2016. Property consultancy JLL accounted that commercial real estate investment went down by 66% to nearly US$700 million. According again to JLL, Singapore office market is likewise bearing to prioritize tenants this year 2016 and 2017 merely before turning to a neutral position in year 2018.

Besides, the prime office sector and premium values is forecasted to experience a drop of rental roughly 10 to 20 per centum this 2016. The descent was chiefly due to the lack of big-ticket dealings during the quarter as the needs of investors were weakened by the rising number of vacancies and the track record counting of groundbreaking completions. In yearly groundwork for first quarter of 2016, commercial property investment for Asia Pacific will probably drop by 5% to US$24 billion while investment intensity by value internationally is predicted to decline by 5%.

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