Photo: pinterest.com

In the central region of Singapore, the rents of office space dropped by 3.2 per cent in the final quarter of last year compared to the preceding three months. This 3.2 per cent decline was higher than the 0.6 per cent decline in the third quarter of last year, according to the Urban Redevelopment Authority (URA) on Thursday (23 Jan).

The office rental index also fell 3.1 per cent for the whole of 2019, compared to the spike in 2018 by 7.4 per cent.

Based on the URA’s 4th Quarter 2019 real estate statistics, prices of office space in the central region declined in the third quarter by 3.9 per cent, followed by a 0.5 per cent decline in the fourth quarter.

For the entirety of 2019, the price index fell 0.6 per cent compared to the rise by 5.7 per cent in 2018.

At the end of quarter four of 2019, the total supply nationwide was approximately 753,000 square metres (sq m) gross floor area of office space in the pipeline, exceeding the 738,000 sq m at the of quarter three.

In the fourth quarter also, the amount of occupied office space increased by 30,000 sq m in net lettable area, contrasted with the increase of 71,000 sq m in quarter three.

The stock of office space in NLA declined by 4,000 sq m in quarter three, followed by an increase by 29,000 sq m in quarter four.

Consequently, the vacancy rate for the whole island dropped 10.6 per cent at the end of the third quarter and dropped 10.5 per cent at the end of the fourth quarter.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
You May Also Like

被发现单独留在添油站厕所 善心职员助安抚五岁童

“大头虾”父母将5岁大孩子忘了在马来西亚休息站,男童哭着找妈妈,幸好有好心人士帮忙将事件快速散播出去,才在当天成功让男童重返家人怀抱。 昨日(15日)傍晚6时许,一名5岁男童被添油站职员发现单独在油站厕所大哭,赶紧把他带出来,在油站寻找其家人。 油站职员赞麦(Zammal,译音)指出,当时无法寻获男童家人,于是将男童带动休息室中。 但是男童当时哭不停,赞麦无法,只能自掏腰包购买约价值20令吉(7新元)的零嘴,包括巧克力和冰淇淋等用于安抚男童。 赞麦表示,当时曾尝试用华语和男童沟通,但是男童只会说一些英语,且说不清自己来自哪里,就一直哭。幸运的是,当时现场也有似乎是来自新加坡的民众经过,帮助赞麦询问男童一些问题后,决定在社交媒体上散布有关消息,还附上赞麦的电话号码,希望动用网民的力量来帮助男童。 赞麦随后接获许多询问电话,且大部分来自新加坡,因此怀疑男童是新加坡。 据赞麦指出,一直到晚上10时许,有警察到添油站将男童接走,据了解是男童双亲在离开油站两小时后才发现孩子不见了,急忙报警。 当地警方接获投报后,就派人到油站将男童接走,然后在新邦令金(Simpang Renggam)警局和男童双亲会合。 警方也证实男童是新加坡人。 其实男童被遗留在油站事件,在多个脸书专页上疯传,网民们都很努力,希望能够帮助男童回到双亲身边。 有的网民就在猜想,是不是男童双亲都只顾着“玩”手机,而忘记了还在厕所中的孩子。…

Heavy downpour causes flash flood at Joo Seng Road; same spot flooded for eight years

A member of the public has highlighted to TOC that a flash…

“Seletar Airport is yours, but Pasir Gudang, Johor, Malaysia is ours”: Malaysia’s Transport Minister Anthony Loke to Singapore

“Hi Singapore, Seletar Airport is yours, but Pasir Gudang, Johor, Malaysia is ours. So please hear…

30,000 HDB flats managed by private operators?

By Leong Sze Hian – I refer to the HDB's reply "One…