JLL: Singapore CRE investment volumes down 13% in 2015
In its Global Market Perspective for 1Q16, Jones Lang LaSalle noted that commercial real estate investment volumes in Singapore fell by 13% in 2015. Capital values for prime offices fell by 4.4%. Rental yields for prime offices were 3.9%, or 128 basis points above the yield on the relevant long-dated government bond. Rents for prime office space fell by 10.5%. Net absorption during 2015 was equal to 1.8% of existing stock. At the end of the year, the office vacancy rate was 5.0% and the supply pipeline for 2016-17 equated to 11.4% of existing stock.
Source : JLL/ January 2016/Singapore/OFF