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Singapore

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Singapore
Last Updated: 27-Oct-2010
Market Overview
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Market Research

* Click on each category for a detailed definition.

Rent/SF/Month RENT/SF/Year
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) SGD 7.50 SGD 11.00 SGD 8.50 $ 70.31 $ 103.13 $ 6.64 10.0% 4.5%
Class A (Prime) SGD 6.00 SGD 10.00 SGD 7.30 $ 56.25 $ 93.75 $ 5.70 3.0% 4.5%
Class B (Secondary) SGD 5.00 SGD 7.50 SGD 5.70 $ 46.88 $ 70.31 $ 4.45 10.0% 5.0%
 
Suburban Office
New Construction (AAA) SGD 5.00 SGD 7.00 SGD 5.50 $ 46.88 $ 65.63 $ 4.30 15.0% 5.0%
Class A (Prime) SGD 4.50 SGD 6.00 SGD 4.80 $ 42.19 $ 56.25 $ 3.75 10.0% 5.0%
Class B (Secondary) SGD 3.50 SGD 4.50 SGD 3.60 $ 32.81 $ 42.19 $ 2.81 15.0% 5.5%
 
Industrial
.50 N/A N/A N/A N/A N/A N/A N/A 7.0%
Manufacturing SGD 1.20 SGD 1.80 SGD 1.42 $ 11.25 $ 16.88 $ 1.11 25.0% 7.0%
High Tech / R&D SGD 3.00 SGD 4.00 SGD 3.30 $ 28.13 $ 37.50 $ 2.58 15.0% 6.5%
 
Retail
Downtown SGD 22.00 SGD 50.00 SGD 34.00 $ 206.25 $ 468.75 $ 26.56 3.0% 5.0%
Neigborhood Service Centers N/A N/A N/A N/A N/A N/A N/A 6.0%
Community Power Center N/A N/A N/A N/A N/A N/A N/A 6.0%
Regional Malls SGD 12.00 SGD 29.00 SGD 19.40 $ 112.50 $ 271.88 $ 15.16 2.0% 5.5%

Development Land Low/SF High/SF Low/Acre High/Acre
Office in CBD SGD 800.00 SGD 1,200.00 $ 27,224,811.60 $ 40,837,217.41
Land in Office Parks SGD 500.00 SGD 800.00 $ 17,015,507.25 $ 27,224,811.60
Land in Industrial Parks SGD 30.00 SGD 170.00 $ 1,020,930.44 $ 5,785,272.47
Office/Industrial Land - Non-park SGD 30.00 SGD 80.00 $ 1,020,930.44 $ 2,722,481.16
Retail/Commercial Land SGD 800.00 SGD 1,300.00 $ 27,224,811.60 $ 44,240,318.86
Residential SGD 400.00 SGD 1,500.00 $ 13,612,405.80 $ 51,046,521.76

Conversion 1.28SGD = 1 US$


Footnote: Investment Yield indicated is based on Gross Yield.
 

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