Knight Frank: Singapore's strata office market crashed

[Dr Christopher Cheok C S]

Strata offices prices fall 20.1% h-o-h in 1H2024: Knight Frank​

https://www.edgeprop.sg/property-news/strata-offices-prices-fall-201-h-o-h-1h2024-knight-frank

The average price of strata office spaces dropped 20.1% h-o-h to $2,190 psf in 1H2024 from $2,740 psf in 2H2023, according to a report published by Knight Frank.

In terms of transaction volume, the strata office market has held relatively stable at 154 transactions in 1H2024, just two deals fewer than the 156 transactions seen in 2H2023. However, the fall in psf-prices has led to a 15.6% h-o-h decline in total transaction value — falling to $437.3 million in 1H2024 from $518 million in 2H2023.

 

[JurongEast]

It started in Hong Kong first

 

[k1976]

Leemember - Shang->Hong->Pore contingency route?

Now xannot find this term liao

 

[joemartini]

so what is the impact?? experts, anyone??

 

[knowwhatyouwantinlife]

Write downs, impairments, nothing new