Rental rates for business parks predicted to correct by 5-7%

Most especially so for older parks.

According to CIMB, business parks rental are expected to weaken. Going forward, with a relatively high supply of business-park space in 2013 (1.3m sq ft) and 2014 (1.2m sq ft) together with an expected pre-commitment rate of 61% and 57% respectively, CIMB expects business parks’ rental rates to correct by 5-7%, particularly for older parks as tenants seek higher specifications, in the near term through 2014.

"The total value of transactions also dropped as a result of government measures. Jul’s jump in transacted values could be traced to several big-ticket transactions as a result of the listing of Soilbuild, the latest listed industrial REIT in
Singapore," CIMB said.

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Vibrant Group wins suit against Blackgold Australia
The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley