Prices of Strata Titled Offices In Singapore Rises.
Online, October 11, 2012 (Newswire.com) - Prices of strata tilted offices in Singapore rises. Interest from new strata titled office projects has led to spillover effect that pulled up resale prices of strata office units.
The resale prices of strata titled offices surged in the third quarter of this year. The shortage of new office space has forced buyers to look at older developments. The strong interest in strata titled office developments were generated by the launch of several new developments such as PS100, Oxley Tower and Eon Shenton. In the initial six months of this year, the high sales activity were mostly due to these new projects.
International Plaza and The Central recorded the highest resale transaction numbers with healthy gains in the third quarter. The average unit price in International Plaza increased by 11 per cent from the 2nd quarter to $1,866 per square foot in the third quarter. Prices at The Central rose 12.4 per cent to $2,440 per square foot from second to the third quarter of this year.
New launch developments such as Oxley Tower and Eon Shenton, both located in the prime business districts of Singapore still have small number of office units available. Oxley Tower is freehold while Eon Shenton is 99 years leasehold. Both buildings have attracted strong interest in their initial launch. Buyers looking to invest in Singapore property can consider these two projects given their prime location and limited supply.
Investors looking at other Singapore property , are welcome to visit http://www.BuyRentSingapore.Com or http://www.BuyRentSingaporeProperty.Com for new launch Singapore properties. BuyRentSingapore.Com is a Singapore property listing website.
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