Singapore Office Units for Sale
Pickup Rate has been more than Encouraging...
There are signs that the office market since 2017 has been turning around. In 3rd Quarter 2017, Grade A office rental rose by 1.7% after suffering 10 quarters of decline since 2015. Rents are expected to be on upward trends and vacancy are coming down. Availability on new projects are shrinking and firms should make decisions rather quickly.
Demand are led by organisations in the technology, media and telecommunications sectors and co-working operators which are expanding rapidly. Technology will be the main thrust in Asia-pacific workplace. Landlords are getting more confident about the outlook of demand as they anticipate strong demand from start-ups and emerging industries.
The telling tales are the take-up rates of new projects such as Marina One and DUO has achieved close to 80% occupancy rates. Take up rate at Fraser Tower was more than 70%. The office market could be turning faster than expected.
- Rare Grade A Office Spaces in CBD
- Column free layout
- 2-5 minute walk to Raffles Place / Telok Ayer MRT Station
Tong Eng Group
- Rare Freehold at City Fringe
- Mix of Offices, Shops, Restaurants, Medical Suites
- 2 minute walk to Farrer Road MRT Station
- Rare Freehold at Eunos
- Mix of Offices, Shops, Restaurants
- Near Eunos / Paya Lebar MRT Station
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+65 6100 8123
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Your Commercial Property Partner
CEA Reg R007497J
Huttons Asia Pte Ltd
3 Bishan Place #05-01
CPF Bishan Singapore S 579838