Tuesday, October 16, 2012

Chart of the Day: Prices for 60-year leasehold upper-storey factory and warehouse units up 3%


The priciest 60-year leasehold units in Q3 were found at Cendex Centre, The Commerze@Irving, and Oxley Bizhub 2.

Savills Research reported:

Prices for 60-year leasehold upper-storey factory and warehouse units tracked by Savills climbed at a more modest pace of 3% in Q3 to S$437 per sq ft, surpassing Q3/2008’s peak by 41%.

The priciest 60-year leasehold units in Q3 were found at Cendex Centre, The Commerze@Irving and Oxley Bizhub 2 where upper-storey units changed hands at an average price of S$780, S$618 and S$610 per sq ft respectively. In September, 60-year leasehold strata-titled factory Ark@Gambas was launched for sale at prices starting from S$350 per sq ft.

However, moving into 2013, the number of 60-year leasehold projects being marketed will start to decline dramatically given that all government industrial sites for sale are on 30-year leases or shorter. Technically, 30-year leasehold units would be of a lower value and will distort the price index.




Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
Email: marshe_inc@yahoo.com.sg
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

| www.marshe.sg | www.marsheproperties.com.sg | www.hudcsg.blogspot.com |
| www.hausatserangoon.sg | www.8riversuites.com | www.newagents.sg |

No comments:

Post a Comment