In the third quarter of 2019, city fringe Grade-A offices were found to have higher capitalisation rates compared to CBD Grade-A offices, indicating a potentially better return on investment. Limited supply is expected to lead to stable rental growth of 2.4% CAGR from 2019 to 2023, while average capital values have increased significantly in recent years.
To make the most of the positive interest rate outlook and increased capital allocation into Singapore’s market, Jerome Wright, Director of Capital Markets at Colliers, suggests that developers and investors review their portfolios and explore opportunities in selective city-fringe areas that offer potential for rental growth or capital appreciation.
The availability of job opportunities and workspaces in the Paya Lebar area is likely to increase demand for rental units or rooms. Many people prefer to save travel time and enjoy their free time after work. This is good news for prospective residents of Tembusu Grand who can look forward to these benefits.
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