Sim, Head, CBRE Research, Singapore and South East Asia.
– DC rates in the CBD areas have been restored to the implied values of March
2016. The sales of two major deals Asia Square Tower 1 and Straits Trading
Building indicate that capital values are still held tightly by landlords and
therefore reflected in the implied land values. This is despite the weak
performance in the occupier market, propped up by the current low interest rate
–Sector 48 saw the highest increase, following the successful Martin Place land
bid. The same can be said for Sector 41 which saw some positive interest in
Cairnhill Nine. DC increases were focussed predominantly in the CBD, probably
because infrastructure is falling into place and as such, the Chief Valuer
would like to maintain the premium for properties in the CBD.
DC rate changes have been limited with the market at a point of inflection,
with minimal movements in the market “
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
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