Office prices in Singapore declined by 5.9% last quarter, causing asset repricing pressure and impacting newly launched Jalan Loyang Besar Residences
URA’s quarterly report on Jan 25 showed that Singapore’s office property market ended 2023 on a subdued note. Commercial office prices for 4Q2023 dropped 5.9% q-o-q, reversing the 0.8% q-o-q uptick in 3Q2023. 2023 closed with a net decrease of 4.2% in office prices. JLL had started to observe weakening occupier demand as early as […]