Commercial Office

Singapore Grade A office rents’ rate of decline at its slowest since 2019

Gross effective rents slipped by 0.4% to S$9.37 psf in Q2 2021. 

Singapore Grade A office rents’ rate of decline at its slowest since 2019

Gross effective rents slipped by 0.4% to S$9.37 psf in Q2 2021. 

Office rental contract values down but leasing volume up in Singapore 

Tenants are renegotiating rents and reducing office spaces instead of vacating them.

India’s gross office leasing drops 16.9% as second wave of COVID persists

But Hyderabad bucked the trend with office leasing doubling in Q2. 

Philippines’ lacklustre office absorption dampens residential demand

Residential vacancy increased from 15.6% in Q4 2020 to 16.3% in Q2 2021.

How Singapore offices’ passing rents impact investment decisions

Savills provides an analysis on yield compression using assumed passing rents.

India to remain a preferred global outsourcing destination amidst subdued office leasing activity

Thanks to its large base of technical knowledge and cost-effective talent. 

What you need to know about Macau’s property market

The office leasing market is set to lose one of its largest tenants.

Jakarta CBD office occupancy rates hit sub 80% for the first time

The average occupancy rate fell 1.1% to 79.2% in Q2 2021.

Tokyo’s Grade A office rents take a hit from pandemic woes, new office supply

Rents in the Tokyo central five wards fell 1.7% in Q2 2021. 

Why work-from-home setups won’t significantly impact Hong Kong’s office markets 

Savills says Hong Kong’s “notoriously cramped housing” counts against the WFH model. 

Back in the game: Singapore office investment sales rebound in Q2

Investment in the sector rose significantly by 75.7% to S$1.7 billion. 

Flex office spaces gaining momentum in Central Tokyo

WeWork, Spaces, Business-Airport and Human First Time will launch more spaces in Q3 2021. 

3 new office buildings to watch out for in Osaka

The Osaka Umeda Twin Towers South will lead the supply throughout 2022.

Property investors remain attracted to offices in Japan’s regional cities

One company will invest US$10b in Japan, 70% of which will be invested in office buildings.

Japanese office rents in regional cities faring better than in Tokyo 

Rents in Tokyo dropped 6.5% while Osaka and Nagoya recorded only 2.2% and 0.6% declines, respectively.

Singapore prime office occupancy rate rises for the first time since COVID hit

Occupancy rate in the Raffles Place / Marina Bay precinct reached 94.3% in Q2.