Stories

With the office market continuing to face significant challenges as working from home is expected to remain widespread and a rise in retrenchments resulting in a number of firms giving up spaces, many investors are wondering – are office REITs still a viable investment? 

The advent of 5G and the shift to remote working have created a remarkable, urgent appetite for data centres across the Asia Pacific region. In our latest series of market reports we’ve looked at four key locations and the unique dynamics of their data centre markets.

As Asia Pacific begins to show signs of recovery from COVID-19, led by a rebound originating from China, what is the current status of the commercial real estate market and where is it headed?

The Covid-19 pandemic accelerated the pace of technological adoption across the built environment, and especially within facilities management. 

As China gradually recovers from the COVID-19 outbreak, what’s the current status of the country’s commercial real estate (CRE) market and where is it headed?

The Singapore office market has steadily shifted from a landlord-friendly to a neutral tenant-friendly market as leasing activity continues to soften.

The demand for new office space in Singapore in the near term is likely to remain weak because remote working is continuing to be the default mode of operation, even after the circuit breaker. 

The COVID-19 pandemic has had a material and unprecedented impact on the global economy, radically disrupting work environments right around the world. Work from home has prompted corporate occupiers to seek more flexible work arrangements and technology is enabling companies to allow remote working.

Office prices in Singapore continued to decline in Q2 2020, marking the fourth consecutive fall in office prices since Q3 2019. Meanwhile, Central Region retail prices and rents fell by 1.5% qoq and 3.5% qoq respectively in Q2 2020, reflecting the disruption of COVID-19 on tenant sales and footfalls.

Private residential prices in Singapore rose by 0.3% qoq in Q2 2020, differing from earlier flash estimates of -1.1% qoq. The change in trend can be attributed to increased sales activity post circuit breaker in June, after two consecutive months of muted sales in April and May. 

This report will examine the performance of commercial assets acquired during previous recessions and detail the capital gains subsequently enjoyed by the investors.

Latest Q2 data from JTC show that industrial rents in Singapore fell by 0.7 per cent quarter-on-quarter (qoq) in Q2 2020.