Leasing softened in Q4 2014: Colliers

http://www.propertyguru.com.sg/property-management-news/2015/1/81032/leasing-softened-in-q4-2014-colliersJan 23, 2015 Leasing activity softened in the last quarter of 2014 as expatriate arrivals slowed down amid the year-end holidays and festivities, according to a report by Colliers International. Research by Colliers International also showed the average monthly gross rents of luxury/super-luxury apartments, which have dropped since Q2 2011, continued to ease in Q2 2014. Following 0.5 percent quarter-on-quarter (q-o-q) decrease in Q3 2014, rents moderated by another 0.8 percent q-o-q to $5.13 per sq ft per month as of the end of December 2014. Read more…

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