‘Holland Drive Condo’ impacts 4Q2023 office prices, as the market faces asset repricing pressure
The office property market in Singapore ended 2023 on a subdued note according to URA’s quarterly report on Jan 25. This report showed a 5.9% q-o-q drop in commercial office prices for 4Q2023, reversing the small uptick seen in 3Q2023. Overall, 2023 saw a 4.2% decrease in office prices. “JLL had started to observe weakening […]