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
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Kalpana Rashiwala
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 GSH Plaza, sales have pretty much stagnated at 60-plus office units - around the level announced six weeks ago by the consortium that is doing a major revamp of the building.
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