Tepid activity in strata commercial, shophouses seen for H2 2016

Singapore

ACTIVITY in the strata office market and shophouse segments remained muted in the first half of this year, as seen in a decline in the number and value of caveats lodged. But strata retail transactions enjoyed a lift from the launch of Centrium Square.

This divergence in trend is nothing but a blip, Knight Frank observed, noting that buyers' sentiment in the strata retail space has not changed amid waning occupancies and a supply deluge.