Westwood Residences EC | Westwood Avenue EC by Koh Brothers

Grade A workplace rents in the CBD grew by 2.7% q-o-q in 2Q2022 to reach $10.74 psf each month, according to a JLL office record released on June 29. This notes a 5th successive quarter of growth, as well as the largest growth considering that leas rebounded in 2Q2021.

Office rents have now recouped to just 0.6% listed below the pre-pandemic peak of $10.81 psf, according to JLL.

The strong efficiency during the quarter was underpinned by rising company confidence and the relaxation of secure monitoring actions, as all workers were permitted to return to the workplace from April 26.

” Expansions and new set-ups much overshadowed work environment downsizing, leading to 2Q2022 web absorption of CBD Grade A workplace– at 0.6 million sq ft– reaching the highest possible in 17 quarters, notes Tay Huey Ying, JLL Singapore’s head of research as well as consultancy. Therefore, office job prices fell by 1.8 percentage points to 6.8%.

The Marina Bay sub-market clocked the highest q-o-q growth in rental fees in 2Q2022 at 3.4%, underpinned by the proceeded flight-to-quality fad driven by a growing focus on staff member wellness and also health and wellness.

Andrew Tangye, Hillhaven Condo head of workplace leasing …

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A flower garden can be simply a …

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Buying a new condo instead of an old one is a big decision. You’ll be spending a good chunk of change on your condo. On the other hand, when you buy an old condominium, you’re likely stuck with it. If you decide to sell it in the future, you won’t get top dollar for it. The thing with condos and old condos Tampines Ave 11 Tender is that sometimes they don’t sell. And even if you do sell it, there’s no guarantee that it will sell for what you paid for it.

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