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HER Excellency the Governor in Executive Council has been pleased to appoint the Honourable Jay Wilson Weatherill, MP,. Minister for Families..
TO TRACK SINGAPORE’S recovery, the focus should be on commercial property, and not residential.
The latter is more affected by ease of financing and rates as well as population demographics and foreign investor flight to safety assets in Singapore. As long as they are employed, people will marry and buy homes, upgrade, invest, etc.
Warden.
whereas demand for office space is closely tied to the health of the economy.
Thus while the earnings results of commercial Reits – K-Reit Asia and CapitaCommercial Trust – were largely in line with expectations this week and show signs of improved business confidence, Lynette Leong, CEO of CapitaCommercial Trust’s management company sounded a cautious note.
“Rental decline is moderating but the recovery is only guaranteed when Singapore has economic growth,” she says.
To be sure, rentals have declined 48% from the peak, Leong says, citing research by Jones Lang LaSalle. And since March