office

Office rentals getting ready to rebound? = more tenants coming to Singapore?

Prime office vacancy has been declining. This usually happens when the economy is recovering (properly), when the companies are expanding, and has the need to accommodate increase in human resource manpower.

Although office rents may not necessarily show a big turn-around immediately, two research houses anticipate rents to bounce back as much as 30 percent by 2012 and according to Cushman & Wakefield, the recent monthly rental of Grade A buildings in Raffles Place averaged $7.53 psf, higher than $7.52 psf in Q1 whilst the average prime office rent in the Shenton area climbed 1.6 percent to $5.85 psf in Q2 from $5.76 psf in Q1. – see article

Hopefully, the positive signs in the office sector will also lead to more tenants for residential home owners who are leasing out their residential properties.

We are nearing the end of May. June to August is traditionally a “peak period” for property leasing because of the Summer Vacation in US and European countries. This is usually the period of time when expatriate families are re-located to Singapore.

Tenants who are already in Singapore and looking to rent property or currently negotiating renewals may want to decide a bit faster – remember what happened in 2006 / 2007? We believe residential property rentals will probably rise for the coming months, at least till August / September period, especially since so many homes have been transacted for higher prices recently, it is also likely the new group of home owners will be looking for higher rentals in order to cover as much of their mortgage loan repayment as possible. See our rental properties currently available.

Landlords looking to rent / sell your property are also welcome to send us details of your property.

office

WANT TO BUY – OFFICE SPACE IN CBD (2000SQFT)

INVESTOR LOOKING FOR OFFICE SPACE IN CBD AREA, SINGLE UNIT, APPROX 2000SQFT, WITH OR WITHOUT TENANCY IS FINE.

KINDLY EMAIL US OR CALL 9380-7211 IF YOU HAVE SUITABLE UNIT.

office

INVESTORS – WANT TO BUY

WE HAVE INVESTORS LOOKING TO BUY

1. INDUSTRIAL BUILDINGS AROUND KALLANG AREA
2. INDUSTRIAL BUILDINGS AROUND TAGORE AREA
3. OFFICE BUILDINGS IN CBD AREA

CALL 9800-0566 FOR MORE INFO OR EMAIL contact@singaporerealestate.info