Here’s where to find shelter amid property gloom

SINGAPORE (Nov 1): The slowdown continues for Singapore’s property developers and real estate investment trusts (REITs), according to 3Q16 data by the Urban Redevelopment Authority (URA).

Private residential prices continued to fall by 1.5% q-o-q in 3Q16, and vacancies are expected to stay elevated near ten-year highs on the back of significant supply.

Retail rents retreated 1.8% q-o-q in the central area and Orchard, while a 1.1% q-o-q decline in office rents translated to subdued reversions for office REITs.

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