“Although some investors have diverted to commercial properties due to the residential cooling measures, many are now feeling the brunt of the TDSR requirements. While commercial properties are showing signs of less resilience, prices of shophouses remain firm in view of the limited supply.”
-Mary Sai, Executive Director & Head Commercial Sales, Knight Frank
Overall sale transaction volume of strata office and retail units in 2H 2015 is anticipated to remain flat at 180 to 220 units, bringing the total transaction volume to approximately 420 to 470 units for the full year of 2015.
Demand for space is moderating in general, amid an uncertain economic outlook. Further, savvy buyers are also observed to be less interested in the strata commercial market, as they become cognisant of the high vacancy rates in several recently-completed commercial projects.
The demand for shophouses will continue to remain stable in the second half of the year, with transaction volume of between 30 and 40 units.
Click below link to download KF – Strata Commercial Properties 1H 2015 by our company – Knight Frank.
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