Gloomy Forecast Ahead for Office Property Sector in Singapore

Freelance Research Analyst

Tay Hock Meng

Thematic (Sector/Industry)

Singapore Real estate / Thematic (Sector/Industry)

<p>With a global economic slowdown, businesses in Singapore are cutting costs and rationalising their office space requirements and this was felt most in 1Q2016 when prices and rentals fell by 0.3% and 2.1% respectively on a quarterly basis, while pipeline office space supply grew slightly by 1.6% to 1.009 million square metres (sqm) in gross floor average (GFA) during the same time period.</p>

With a global economic slowdown, businesses in Singapore are cutting costs and rationalising their office space requirements and this was felt most in 1Q2016 when prices and rentals fell by 0.3% and 2.1% respectively on a quarterly basis, while pipeline office space supply grew slightly by 1.6% to 1.009 million square metres (sqm) in gross floor average (GFA) during the same time period.

Capitaland Integrated Commercial Trust (CICT SP)

Mapletree Pan Asia Commercial Trust (MCT SP)

Mapletree North Asia Commercial Trust (MAGIC SP)

Ying Li International Real Estate Ltd (YINGLI SP)

Lippo Malls Indonesia Retail Trust (LMRT SP)

Soilbuild Business Space REIT (SBREIT SP)

Pacific Century Regional Developments (PAC SP)

Frasers Logistics & Commercial Trust (FLT SP)

Slow Return to Normalcy in Prices and Supply of Office Space in Singapore