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The Authorities is introducing Seller's Stamp Obligation (SSD) on industrial property to discourage quick-time period speculative activity which could distort the underlying prices of business properties and lift prices for businesses. Nevertheless, the personal sector only had the power to supply 2500 per 12 months, and at value levels out of attain of the low-revenue.
About 1.15 million sq ft of latest space will come on stream in Singapore this 12 months, with the figure rising to 1.6 million sq ft next year and four. www.gdaca.com 7 million sq ft in 2017, in line with a Bloomberg report earlier this month that cited actual estate broker Knight Frank.
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