• Home
  • Attractions
  • Hotels
  • Map & Misc
  • News
  • MM2H

Malacca Malaysia

All you need to know to enjoy your stay in Malacca Malaysia.

Grade A office rents on the rise

But still 36 per cent off peak levels in 2008
by Linette Lim 04:45 AM Aug 01, 2011SINGAPORE – Grade A office rents are on the rise, but are still some 36 per cent off its peak levels in 2008.

This is according to Cushman & Wakefield Research presented at the recent Real Estate Developers’ Association of Singapore (REDAS) Property Prospects Update Seminar.

Average rents of Grade A space in the Raffles Place area remain the highest, increasing 30 per cent year on year to S$10.40 per square foot per month. Overall average rents – which includes Grade A office space in Shenton Way, Orchard and the City Hall-Marina-Bugis areas – are at S$9.15 per sq ft per month.

Cushman & Wakefield vice-chairman Donald Han said the “rental recovery of Grade A office space is on the back of sustained vacancy decline”. This is brought about by Singapore’s economic rebound, especially in the financial and business services sectors.

In the second quarter of this year, vacancy rates of all Grade A office space were low, standing at about 4 per cent.

Rising rents of Grade A office space may also bring an uplift to suburban office rents. This happens as cheaper office space in the suburbs become more attractive to tenants.

Mr Han said he foresees “major relocation to suburban locations due to greater price difference and availability of high-specification office developments with integrated facilities”.

Quite a number of major pre-commitments have been made to suburban offices this year. For example, the Ministry of National Development will be taking up some 315,000 sq feet at Jurong Gateway, while Deutsche Bank and Nike will be taking 120,000 sq feet each at Mapletree Business City.

He added that the lacking of car-parking space in the financial district may also be a potential push factor.


Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Travel & Property Posts

  • Travel to Malaysia
  • Bayu Ferringhi Condominiums
  • Oasis Serviced Suites, Ara Damansara
  • Ritze Perdana 2
  • Malaysia property cycle and how to mitigate its risk?
  • Buyers complain of prime units being taken up before launch
  • Glut dampens market value and rental of condos
  • Makings of a choice location
  • Property players concerned over new housing loan criteria proposal
  • TO BUY OR NOT TO BUY, THAT IS THE QUESTION

Index : Travel & Real Estate in Malaysia

  • Accommodation
  • Attractions
  • Featured
  • For Rent
  • For Sale
  • Hotels
  • Malacca News
  • Map & Misc
  • MM2H
  • News
  • Property
  • Real Estate Jokes

3 more pages…

  • About
  • Friends
  • Wallpapers

Search

Pages

  • Privacy Policy
  • Sitemap

Property Pages

  • All You Need to Know about Property Forums
  • Bombshell from Bank Negara – LTV of 70% for Third Residential Property and above
  • Property Agents/Negotiators – A Blessing and a Pain?
  • Pros and cons of selling a tenanted property
  • Real Estate Appraisal
  • Real Estate Bird Dogs
  • Robert Allen Multiple Streams of Income
  • The Role of Real Estate Agents
  • What to do with bad tenants

About

Malacca Malaysia Summarized

This site shows you Melaka Malaysia seen through the eyes of a retiree - Hantu Putih in Malay... - staying in Malaysia under the MM2H program: a 10 year multiple entry visa to Malaysia.

Malaysian are very friendly, Malaysia has no winter and you can stretch your European dollars even more in Melaka than in the capital Kuala Lumpur or in the MM2H town of preference: Penang.

Malaysia My 2nd Home

Malaysia My 2nd Home (MM2H) is a 10 year multiple entry tourist visa for retirees, planning to retire and buy property in Malaysia.

Read the latest news and updates about the Malaysia My 2nd Home Programme.

Travel to Penang

  • Destination Batu Ferringhi
  • Bayu Ferringhi Condominiums

© 2021 · Malacca Malaysia · Listed at : Local Business Directory - BTS Local Travel Travel & Leisure - Top Blogs Philippines

7ads6x98y