Singapore's commercial property sizzling: DTZ

15:52, August 20, 2010      

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Singapore's prime commercial properties offer some of the most attractive returns in the world, a new study by property consultancy DTZ said.

The property consultancy launched a set of fair value indices, derived by forecasting the returns commercial property investors can get above government bond yields, over five years across 180 markets, local newspaper The Business Times reported on Friday.

Markets where expected returns exceed required returns would be labelled "hot." The larger the number of hot markets in a region, the higher its index score would be.

Results showed that Singapore was a hot market in the second quarter. The island's industrial property sector came in as the most attractive to invest in. DTZ estimates that industrial assets here were underpriced by some 11 percent.

DTZ believes that office rents in Singapore will register strong growth in the next five years - they could rise 5-10 percent in the second half this year - and this will lead to capital growth.

The Asia-Pacific index had a score of 67, meaning that the region's commercial property market offered relatively better returns, as it outstripped the global score of 62 and beating Europe's 49.

But pickings were richest in the United States, where its index clocked a reading of 89.



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