The Business Times

Property

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Property

SUBSCRIBERS

Value of prime strata retail units up in Q2

Growth largely due to limited supply; but rents in most areas remain flat

Published Wed, Jun 25, 2014 · 10:00 PM
Share this article.

[SINGAPORE] Limited supply of prime strata retail units is lending support to their capital values, which inched up in the second quarter even while retail rents remained largely flat.

Based on a basket of completed properties tracked by DTZ Research, both the average resale capital values of prime retail units in Orchard/Scotts Road and suburban areas grew 0.8 per cent quarter-on-quarter. These units are those with good frontage or pedestrian traffic.

"Capital value growth is expected to stay firm due to the limited supply of prime strata retail units," said Lee Lay…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here