Read our latest report for insights into the office market, property trends and outlook, as well as expert recommendations for occupiers and investors in Singapore.
Report highlights:
- CBD Grade A rents increased by 0.5% QOQ to SGD9.64 per sq ft in Q4 2021, supported by resilient net absorption. We expect CBD Grade A rents to grow about 4.4% in 2022, compared to the 0.8% growth in 2021. Vacancy rate is also expected to tighten to just under 4.0% by end-2022.
- Transaction volumes increased 3.7 times QOQ in Q4 2021. Capital values increased 5% QOQ at SGD2,560 per sq foot.
- Colliers Research recommends occupiers proactively conclude final plans for their footprints as the window of opportunity for rental negotiation starts to close. Landlords of ageing office assets should adopt a softer stance in rental negotiations and consider retrofitting/redeveloping their assets to unlock value in the medium to long term. Investors should think creatively in repositioning assets to hit return targets and beat yield compression.
Download our latest report for insights into quarterly trends and the office market outlook for the year ahead.