Tag Archives: Singapore Office / Retail

Asian property investment market regains momentum in Q2

Posted on 5 Aug 2009 | Comments Off

The property investment market in Asia enjoyed a stronger second quarter following a subdued start to the year, with direct real estate investment volume rising 41 per cent from the first quarter.

The improved investment turnover was due partly to debt-funded investors compromising at current price levels and liquidating assets to service near-term debt obligations, according to CB Richard Ellis’ Asia Investment MarketView report for the first half of 2009.

However, transaction volumes remained thin in the first half compared to the corresponding period in 2008, falling by 58 per cent on-year to about US$12.4 billion.

Investor sentiment in the region generally turned more positive in the second Continue reading →

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Posted in Office / Retail / Industrial, Property Market / Real Estate

Tagged Office / Retail / Industrial, Property, Singapore Office / Retail

Office leasing scene – musical chairs with extra seats

Posted on 5 Aug 2009 | Comments Off

Some tenants factor in higher headcount as they move to new locations

There’s a buzz in the office leasing market. Many new leasings are at the expense of space being given up in existing locations as occupiers are drawn to better-value propositions in newer buildings. But a few are taking up more space in their new locations than what they are giving up in their existing premises to cater to future increases in headcount.

‘It’s not all musical chairs. There’s also a smattering of improved headcount numbers, even as most occupiers chase lower cost, better value locations,’ a seasoned office property consultant said.

Another office consultant, Knight Frank director of office leasing Agnes Tay, said: ‘I don’t expect net office demand to turn positive this quarter, but the negative demand will be smaller in the second half of this year. Continue reading →