Prices of Strata Titled Offices In Singapore Rises, Occupancy Up For Prime Office Space.
Demand for prime office space in the third quarter up while Interest from new strata titled office projects has led to spillover effect that pulled up resale prices of strata office units.
Singapore (I-Newswire) October 12, 2012 - Demand for prime office space in the third quarter up while Interest from new strata titled office projects has led to spillover effect that pulled up resale prices of strata office units.
The influx of legal firms, insurance companies and other business, less traditional tenants to Grade A office space has managed to prop up demand for such prime office space. The need for more office space from traditional tenants such as financial institutions has gone down due to the euro-zone debt crisis and the uncertain economic recover in US. As a result, rents have eased slightly while occupancy is up for prime office space.
Prices of strata tilted offices in Singapore have also risen recently, driven mainly by interest from new strata titled office projects which has led to spillover effect that pulled up resale prices of strata office units. The shortage of new office space has forced buyers to look at older developments.
In the first six months of 2012, there was high sales activity for strata titled office units mostly due to new launches such as PS100, Oxley Tower and Eon Shenton.
New launch mixed developments such as Oxley Tower and Eon Shenton, both located in the prime business districts of Singapore still have small number of office units available. Oxley Tower is freehold mixed development project comprising of office units and shops. While Eon Shenton is 99 years leasehold mixed development comprising of shops, offices and residential units. Both projects have attracted strong interest in their initial launch with shop units being the hottest in demand. Buyers looking to invest in Singapore property can consider these two projects given their prime location and limited supply.
Investors looking at other Singapore property, are welcome to visit http://www.BuyRentSingapore.Com or http://www.BuyRentSingaporeProperty.Com for new launch Singapore properties. BuyRentSingapore.Com is a Singapore property listing website.
About Singapore Property Listing
BuyRentSingapore.com is dedicated in providing the latest residential launches, Developer’s sales, More.. new launches, resale, TOP projects and rental of properties in Singapore.
We help clients in identifying sites, locations and recommendation of development mix and sizes. We also help clients identify specific market niches for the project and careful evaluation of market conditions; recommend the best solution for their property needs. Most importantly, we specialized in selling many successful Huttons Projects in Singapore.
If you are looking for opportunities in Singapore’s latest residential launches, Developer’s Sales, investment properties and good properties, we will be delighted to serve you as licensed, certified & professional property consultants in Singapore.Less..
Singapore Property Listing
Phone : 97838034
Published On:October 12, 2012
Print Release:Print Release
If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.