CBRE expects smaller fall in retail rents this year
July 13, 2009 by admin
Filed under Housing, Mall, property, Real Estate
CBRE expects smaller fall in retail rents this year It cites healthy demand for Orchard Rd space, limited suburban supply By UMA SHANKARI CB RICHARD Ellis (CBRE) now expects Orchard Road retail rents to fall 10-12 per cent this year – less than its earlier estimate of 15-20 per cent. Good demand at new malls: Ion Orchard said recently that it is 94 per cent leased while 80 per cent of the space at Orchard Central (above) is committed ‘We expect the rate of rental decline for prime spac
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CBRE expects smaller fall in retail rents this year
Recession over, strong V-shaped recovery seen
July 13, 2009 by admin
Filed under Housing, Mall, property, Real Estate
Recession over, strong V-shaped recovery seen By LI DAN WEI THERE are tentative signs that Singapore’s worst ever recession is over and a strong V-shaped recovery is to follow over the rest of this year, according to HSBC’s Asian Economics report for the third quarter. ‘It’s typically the most open economies, like Singapore and Malaysia that crashed the most, which we think will see the greatest trade recovery kicking in.’ – Robert Prior-Wandesforde, HSBC senior Asian economist ‘
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Recession over, strong V-shaped recovery seen