Singapore property

A 775,000 sq ft withdrawal of stock also helps push islandwide vacancy rate down to 10%

Islandwide vacancy falls to 10% as at end-Q3 from 11% as at end-Q2 on 72,000 sq m shrinkage in office stock

Lower entry prices and rental yields support demand, but exit prospects depend on location, layout and pricing

Wealthy buyers keen to snag trophy assets at fair market value

The price tag translates to a land rate of S$1,124 psf ppr on land area of 28,700 sq ft

 Y Suites development is targeted to open by the 2029/30 academic year

The mixed-use development site ‘offers redevelopment and asset enhancement potential’, says ETC

While the primary market supposedly has stronger investment potential, data suggests otherwise

The sheer asset size may mean the fund could require more time to raise equity