Singapore business parks hit by highest vacancy in 14 years: Savills

[joemartini]

very good. let all the fucking chee bye ceca all go unemployed. let the fucking GIC and GLCs investment in these business parks all lose money. lose money until worst than the Suzhou Industrial Park.
https://www.businesstimes.com.sg/pr...ss-parks-hit-highest-vacancy-14-years-savills

THE vacancy rate for business parks across Singapore reached its highest level in 14 years, measuring 22.1 per cent in the last quarter of 2024, up from 21.6 per cent in the previous corresponding period.

This comes as overall market sentiment for the business park segment remains lukewarm, despite some interest in the one-north cluster, said Savills Research in a report on Friday (Feb 14).

The completion of the first phase of Punggol Digital District in the second half of 2024 also drove vacancies up, it noted.


Notably, the vacancy rate in the area around ESR BizPark @ Chai Chee hit a record high of 31.8 per cent in Q4 2024.

The cluster comprising Mapletree Business City and Science Park logged a vacancy rate of 15.4 per cent in the recorded period, up from 13.7 per cent in Q4 2023.

Rising rents
Rents for business parks continued on an upward trajectory, with the JTC rental index rising at a slower pace of 1.9 per cent year on year in Q4 2024, from 3.4 per cent.

 

[Pinkieslut]

very good. let all the fucking chee bye ceca all go unemployed. let the fucking GIC and GLCs investment in these business parks all lose money. lose money until worst than the Suzhou Industrial Park.

THE vacancy rate for business parks across Singapore reached its highest level in 14 years, measuring 22.1 per cent in the last quarter of 2024, up from 21.6 per cent in the previous corresponding period.

This comes as overall market sentiment for the business park segment remains lukewarm, despite some interest in the one-north cluster, said Savills Research in a report on Friday (Feb 14).

The completion of the first phase of Punggol Digital District in the second half of 2024 also drove vacancies up, it noted.


Notably, the vacancy rate in the area around ESR BizPark @ Chai Chee hit a record high of 31.8 per cent in Q4 2024.

The cluster comprising Mapletree Business City and Science Park logged a vacancy rate of 15.4 per cent in the recorded period, up from 13.7 per cent in Q4 2023.

Rising rents
Rents for business parks continued on an upward trajectory, with the JTC rental index rising at a slower pace of 1.9 per cent year on year in Q4 2024, from 3.4 per cent.

Who the fucks wants to work in Chai Chee?

 

[winners]

With the upcoming Johor-Singapore SEZ, expect more of such to come. Bloody useless PAP is stoning its own feet.

 

[joemartini]

https://www.businesstimes.com.sg/pr...-vacancies-muted-growth-industrial-rents-2025

 

[joemartini]

Who the fucks wants to work in Chai Chee?

who the fuck wants to work in cheebye CECA changi business park???

 

[Pinkieslut]

who the fuck wants to work in cheebye CECA changi business park???

CECAs and their pinay lovers. Last time whole place buzzing with Pinay chiobu call center agents and CECA IT talents.

 

[k1976]

https://www.theonlinecitizen.com/20...s11297-but-netizens-cite-cost-of-living-woes/​

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Exclusion of Jobless Households Skews Data’​

Many agreed that rising household income does not necessarily translate to improved affordability, as the cost of living continues to climb.

A comment argued that the reported median household income does not accurately reflect income inequality.

The user pointed out that while household income may appear high, the income per member remains significantly lower.

Additionally, the exclusion of households without income skews the data, as those who are retrenched and unable to find jobs are not counted, potentially inflating the median figures.

 

[k1976]

More rental ahead as Jiuhu Sinki SEZ zone enter new into full swing mode

Good luck is all we need

 

[ftan42]

To put Jo Teo's message into full practice, a small space is often all that's required.

 

[laksaboy]

I still don't know why the PAP regime allowed Capitaland to gobble up Ascendas years ago.

 

[myfoot123]

Once renamed to China park, business will surely return.

 

[laksaboy]

Once renamed to China park, business will surely return.

I got your China Park right here:

 

[True Believer]

I pray that Changi (Chennai) Business Park becomes a ghost town soon when CECAs are sent packing.