Commercial Market Outlook Remains Fundamentally Sound

12 November 2015

 

In our latest issue of the Agent Handbook, we spoke to industry thought-leaders to gather their views on the Singapore Commercial market and to provide their highly sort after tips and insights. Here are excerpts of what they shared:

 

Rents of Business Parks and High-Spec Industrial Spaces to Hold Firm

 

“Agents can focus on business parks and independent high-specs industrial premises where supply is expected to remain tight for the rest of 2015.” – Colliers Singapore.

 

Current Market Conditions Present Better Opportunities for Tenants

“Agents can share with their clients that early investors to this area will most likely find themselves with an early mover advantage. Drawing on the historical development of CBD2, i.e., Jurong over the last 10 years, buyers should be made aware that there is a huge potential for capital appreciation in the Northern end of the island.” – Francis Tan, Chief Investment Officer at SLP Scotia Pte Ltd.

 

F&B Tenants Expected to Be the Main Drivers of the Retail Industry Going Forward

”On a brighter note, the local retail scene welcomed a series of new-to-market brands earlier this year, which helped shore up occupancy rates of retail malls and cushion rental falls resulting from tenants’ resistance to rental increases given the challenging retail operating environment. The newly completed Capitol Piazza features a slew of new-to-market F&B names including roast duck specialist Four Seasons from London, and another distinguished name is the 60-seat Parisian tearoom Angelina.” – Colliers Singapore

 

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The above analyses are excerpts from our latest Agent Handbook (October – December 2015) which provides you with the ‘Guru View’ from industry thought leaders to perform better in the local and overseas markets. 

 

Get more tips and insights on how to succeed in your business in our latest issue of the Agent Handbook >>