Price, rental rises recorded for office, retail sectors
But divergence seen ahead, with retail space heading south
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
COMMERCIAL properties offered some cheer against the backdrop of a bleak residential market, with office and retail segments registering price and rental increases last year.
Data from the Urban Redevelopment Authority (URA) released on Friday showed a 9.8 per cent climb in rents and a 4.5 per cent rise in prices for the office sector over the whole of 2014. For retail space, both rents and prices grew 0.9 per cent last year.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
