Investor Presentaiton
5.0
4.0
No new supply in CBD in 2015; Core CBD occupancy at
95.8% as at end-Jun 2014
-
Singapore Private Office Space (Central Area) – Net Demand & Supply
Forecast average annual gross new
supply (2014 to 2018): 1.2 mil sq ft
Post-Asian financial crisis, SARS &
GFC-weak demand & undersupply
Includes CapitaGreen
completing end 2014
3.9
2.2
3.0
2.7
1.8
1.7
1.61.6
1.1
1.4
1.2
1.4
sq ft million
1.5
1.0
1.4 1.3
2.0
1.0
1.3
0.9
0.8
0.0
-1.0
2000
2001
2002
0.5
0.4 0.4
0.4
0.1
2003
-0.8
2004
2005
2006
-0.1
-0.1
-0.7
-1.4
-2.0
■Net Supply
■Net Demand
Periods
Average annual net supply
2004-2013 (through 10-year property market cycles)
0.8m sq ft
2009-2013 (five years period during and post GFC)
2014-2018 & beyond (gross supply)
1.2m sq ft
1.2m sq ft
Notes:
2008
2009
2010
2011
0.6
0.2
0.14
0.0
2012
2013
1H 2014
2014F
2015F
2016F
0.0
0.0
2017F
2018F<
Forecast Supply
Average annual net demand
1.1 m sq ft
1.0m sq ft
N.A.
37
(1) Central Area comprises 'The Downtown Core', 'Orchard' and 'Rest of Central Area'
(2) Supply is calculated as net change of stock over the quarter and may include office stock removed from market due to
conversions or demolitions
(3) Source: Historical data from URA statistics as at 2Q 2014; Forecast supply from Jones Lang LaSalle and CBRE Pte. Ltd.
CapitaCommercial Trust Presentation August 2014
Capita Commercial
TrustView entire presentation