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Continued from
FrontPage of Article
EXECUTIVE CONDOMINIUMS
As at the end of 3rd Quarter 2006, there
were 903 units of Executive Condominiums (EC) in the pipeline, all
of which were under construction (see Annex C). All the 903 units
had been issued with sale licences and building plan approvals (i.e.
pre-requisites for sale). As at the end of the quarter, 811 units
had been launched for sale, of which 688 units had been sold.
The total stock of completed EC units remained at 9,527 units as at
the end of 3rd Quarter 2006, as no new EC units were completed in
the quarter. As at the end of 3rd Quarter 2006, the vacancy rate
was 0.3%, compared with the vacancy rate of 0.4% as at the end of
the previous quarter.
OFFICE SPACE
Prices of office space rose 3.5% in
the 3rd Quarter 2006, the same rate as in the previous quarter (see
Annex A-1). Rentals rose 7.0% in the 3rd Quarter 2006, compared with
the 6.6% increase in the previous quarter (see Annex A-2).
Office space* under construction increased
by 0.4% to 237,000 sq m (gross) as at the end of 3rd Quarter 2006
(see Annex C).
The stock of completed office space (with TOP) decreased by 25,000
sq m to 6.485 million sq m (nett) as at the end of 3rd Quarter 2006,
while the amount of occupied office space increased by 97,000 sq m
to 5.807 million sq m (nett) in the same period.
Consequently, the vacancy rate of office space fell by 1.8
percentage points to 10.5% as at the end of 3rd Quarter 2006.
SHOP SPACE
Prices of shop space rose 2.5% in the 3rd Quarter 2006, compared
with the 1.4% increase in the previous quarter (see Annex A-1).
Rentals rose 1.2%, compared with the 1.4% increase in the previous
quarter (see Annex A-2).
Shop space under construction decreased by 4.9% to 331,000 sq m
(gross) as at the end of 3rd Quarter 2006 (see Annex C).
The stock of completed shop space (with TOP) increased by 76,000 sq
m to 3.214 million sq m (nett) as at the end of 3rd Quarter 2006,
while the amount of occupied shop space increased by 2,000 sq m to
2.901 million sq m (nett) in the same period.
Consequently, the vacancy rate of shop space increased by 2.1
percentage points to 9.7% as at the end of 3rd Quarter 2006.
INDUSTRIAL SPACE
Prices of multiple-user factory space rose 1.1% in the 3rd Quarter
2006, compared with the 1.0% increase in the previous quarter (see
Annex A-1). Rentals of multiple-user factory space remained
unchanged, compared with the 0.3% increase in the previous quarter
(see Annex A-2).
Factory space under construction increased by 3.6% to 1.965 million
sq m (gross) in the 3rd Quarter 2006 (see Annex C).
The stock of completed factory space (with TOP) decreased by 27,000
sq m to 27.174 million sq m (nett) as at the end of 3rd Quarter
2006, while the amount of occupied factory space increased by 87,000
sq m to 24.637 million sq m (nett) in the same period.
Consequently, the vacancy rate of factory space decreased by 0.4
percentage point to 9.3% as at the end of 3rd Quarter 2006.
URA¨s REAL ESTATE INFORMATION
SERVICE
More detailed information on the price and rental indices, supply in
the pipeline, stock and vacancy position of the various properties
can be found in the Real Estate Information System (REALIS), an
online database of URA.
Subscribers of REALIS can obtain the information from the system
after 12.30 pm today. More information on REALIS can be found at
http://spring.ura.gov.sg/lad/ore/login/index.cfm. You can also
contact the REALIS hotline at 6329 3456.
*The
supply of office, shop and factory space under construction is given
in gross floor area as the developments have yet to be completed and
hence the nett floor area is not available.
Source:
www.ura.gov.sg Media Release
27 Oct 2006
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3rd Quarter 2006 real estate
statistics
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