You are here

Strata offices starting to run out of fizz?

Toppish prices for GSH Plaza said to have resulted in sales stalling; consortium turns focus to full floor deals

BT_20150529_KROFFICE2987M2_1693785.jpg
GSH Plaza in Raffles Place. Talk in the market is that the commission rate for agents to find buyers in the strata project has been doubled to 3 per cent by the owner in a bid to drum up sales.

Singapore

THE strata office sales market could be starting to run out of fizz - due to toppish prices and concerns about a future office oversupply and rising interest rates. The total debt servicing ratio also continues to clip appetites of mom and pop investors.

At the much-hyped