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Office Singapore

July 2020


Reihe: Savills Market in Minutes

Anbieter: Savills

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  • Erscheinungsdatum : 15.07.2020
  • Seiten : 3 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 477,29 kB
  • Sprache(n) : Englisch

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  • Office tenants in the reviewed quarter shifted their attention to the urgency of receiving supporting packages, including property tax rebate and rental relief.
  • Both new office building completions and the fitting out of office premises are expected to be delayed significantly, because of the halt in construction works, safe distancing measures, manpower constraints and supply chain disruptions.
  • As Singapore came out of the CB and physical viewings of property resumed from Phase Two of the reopening on June 19th, the leasing market did see a flurry of activity due to pent-up demand.
  • From data compiled by Savills, the net take-up of CBD Grade A offices contracted by some 86,000 sq ft in Q2/2020, while the overall vacancy rate increased for the first time since Q1/2018, up 1.4 percentage points (ppts) to 5.7% as at end-Jun from three months ago

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