Property Market Sentiments

[BlueKelah]

I was in Plaza Singapore recently, and saw lots of vacancies around...

Mall vacancies in town at highest in five years
25 Apr 2016 14:19
By Wong Siew Ying

Vacancies at retail malls in the central region hit a five-year high in the first quarter of the year, driven largely by more vacant space in the Orchard sub-market.

The rate went up from 8 per cent to 8.7 per cent, analysis from Colliers showed, the highest since the Urban Redevelopment Authority (URA) started tracking retail space data including food and beverage, fitness and entertainment businesses from the first quarter of 2011.

In the Orchard planning area, the vacancy rates rose 1.2 percentage points to 8.8 per cent in the first quarter, URA figures showed.
...
Source: Straits Times

It's probably the retail property CYCLE going into a downcycle....

Overcapacity of malls everywhere. Everyone wanna get in on the REIT action.

And of course with the double whammy of "hang zheng pai" as businesses close down during recession time..

Time to make a list of REITs to buy

About time for the REITs to feel some pain and I'm not just talking retail. Industrial REITs will be hit as well.