Here are 4Q12's 5 biggest office space transactions

Rents likely to dip 5% in 2013.

According to Colliers International's recently released study, despite the continued sovereign debt issues in the Eurozone, market sentiment improved slightly in 4Q 2012.

Asia Pacific economies showed signals of a rebound in economic activity amidst generally rising exports and stabilizing inflation. With elections in the US, Europe and mainland China having already taken place in 4Q 2012, there has been a clearer direction in Asian investors’ strategy going forward.

The encouraging performance of asset indexes in the region has resulted in positive sentiment in the real estate market. Similarly, most corporations continue to implement business plans that are based on expansion and growth in the region.

As for Singapore, despite its strengthening market fundamentals, the continued challenging global economic environment and mounting supply pressures are expected to continue to push office rents in the CBD on a downtrend to a tune of 5% in 2013.