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Report notes temporary supply/demand mismatch for Singapore retail and office space | 30 August 2013

Singapore is set to have a huge range of new office space completed before the end of the year.

A new report by DBS Bank has indicated that 83 per cent of the new office space supply planned for the nation will be completed in the second half of 2013.

According to sbr.com, the report claimed this would create a temporary mismatch between supply and demand. This mismatch could throw up some interesting deals for investors in the area, but has been tipped to stabilise rents in the short-term future at least.

Rents could rise by two per cent by the end of the year in the country’s retail sector though. The report’s authors suggested that demand for additional retail space remained high, despite business running costs hampering many retailers to an extent.

It was claimed that the rise in property in both sectors was faster than the growth of the related industries.

According to leechenhuga.com, the authors concluded: “Whilst we have a neutral weighting on both sectors, we have a preference for retail over office as retail landlords can typically conduct AEIs to boost growth. In terms of stock picks, we adopt a stock picking strategy to identify value.”

The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.

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Posted by Matt Roobol

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