Rents down, vacancy rate up for retail space in Q2 : URA
SINGAPORE - Prices and rentals of retail space both dipped by 0.5 per cent in the second quarter of this year, according to data from the Urban Redevelopment Authority on Friday.
It was the second straight quarter of rental decline and comparable to the level seen early last year. Prices had stayed stable in the first quarter.
Vacancy rate of retail space rose 0.4 percentage points to 7.2 per cent for the second quarter, the highest in over four years.
SINGAPORE - Prices and rentals of retail space both dipped by 0.5 per cent in the second quarter of this year, according to data from the Urban Redevelopment Authority on Friday.
It was the second straight quarter of rental decline and comparable to the level seen early last year. Prices had stayed stable in the first quarter.
Vacancy rate of retail space rose 0.4 percentage points to 7.2 per cent for the second quarter, the highest in over four years.
Office prices rose 0.3 per cent in the quarter, after falling 0.1 per cent in the first quarter.
Vacancy rate of office space dipped by 0.4 percentage points to 9.8 per cent for the second quarter.
The Straits Times / Business Published on Friday, 24 July 2015 By Rennie Whang Rents down, vacancy rate up for retail space in Q2 : URA
Please click the following for other Related Readings:
Public housing market showing clean signs of stabilisation
Fancy paying HDB Studio price for a columbarium niche
Sengkang temple site re-tender draws 4 bids
Demand up for high-end homes except for those on Sentosa
Amber Park's third en-bloc attempt fails
Prefab requirement dampens bids for West Coast Vale site
Tailoring insurance to suit needs
S'pore's private home vacancy rate soars to 7.9% in Q2, highest in nearly 10 years
Plaster slab falls from 18 storey of HDB block
First hawker centre in Pasir Ris breaks ground, to open in 2017
Prime CBD rents in Singapore 'to soften'
Non-bank lending for property on the rise
Parliament: Ramp up in building of BTO flats has not compromised quality, says Desmond Lee
Please click the following for other Related Readings:
Private apartments prices continue slide
HDB addresses crane operator's complaint of unsafe Punggol building practices
From 'gangsterland' to home sweet home
From 'gangsterland' to home sweet home
Public housing market showing clean signs of stabilisation
Sengkang temple site re-tender draws 4 bids
Prefab requirement dampens bids for West Coast Vale site
Tailoring insurance to suit needs
S'pore's private home vacancy rate soars to 7.9% in Q2, highest in nearly 10 years
No comments:
Post a Comment