Commercial Property Investment in Singapore Declined by 66% in Q1
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- The decline was chiefly anticipated to the deficiency of pricey transaction during the quarter as the needs of investors were weakened by the evolving list of vacancies and the record counting of groundbreaking completions. Concurring again to JLL, Singapore business office market is also bearing to prioritize renters this year 2016 and 2017 merely before turning to a stable position in year 2018. Likewise, the prime office sector and excellent values is promised to go through a drop of rental approximately 10 to 20 per centum this 2016. There is a strong swing of Singapore commercial segment in the initial quarter of 2016. Property consultancy JLL covered that commercial real estate investment declined by 66% to about US$700 million. For more info on the Rising Projects, see https://www.propertyreview.sg/singapore-commercial-property-investment-declined-by-66-in-q1/.
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