Singapore: Though Growth Rate Slows Construction Moves Up Sharply
Article Abstract:
Oversupply, lower demand and global recession caused the office market in Singapore to suffer during 1983. Vacancies doubled, rentals fell off by about one-third, and advance leasing was slow. A fairly current survey of the area indicates vacancies are running at about ten per cent, or double that of 1982. Rental rates have fallen from a top of about eighty dollars per square foot to about sixty-six dollars per square foot. Service charges for all space continue in the ten to twelve Singapore dollar range. Even though oversupply of space is likely in Singapore through 1984, building and development continues. There are about six million square feet under construction at present. Major projects are listed. Only minor problems are expected to be felt by Singapore's economy in the next few years. Inflation is only four per cent. Interest rates are moving down.
Publication Name: National Real Estate Investor
Subject: Real estate industry
ISSN: 0027-9994
Year: 1984
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Nashville: Improved Economy, Lower Interest Rates Benefits All Sectors; Deversified Industry Base is Key to Current Construction Boom
Article Abstract:
One-half billion dollars of real estate development is going on in Nashville, Tennessee. Businesses are committed to relocation in the area. Nashville has garnered a national image as one of the strongest second- tier cities. Development is occurring in the Municipal Airport, Metro Center, Brentwood and Vanderbilt locales. Nashville has had a building boom recently because of expansion in the need for offices. Northern Telecom will headquarter in Tampa. That firm will double its work force. Four hotels and ten office buildings are planned near the airport for a total of one hundred million dollars. Renovations of the historic district are continuing at a fast pace.
Publication Name: National Real Estate Investor
Subject: Real estate industry
ISSN: 0027-9994
Year: 1984
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New Bill Sets Up Rental Program, Kills Rate Ceilings
Article Abstract:
An innovative housing authorization law will allow government assisted rental housing production programs and end interest rate ceilings on Federal Housing Administration (FHA) backed mortgages. The law will end Section 8 new construction and substantial rehabilitation rent subsidy deals (not including loan programs for the aged and handicapped). Other aspects of the bill will engender new FHA mortgage vehicles, create discretionary rent regulations, and repeat certain buy-back provisions for Housing and Urban Development (HUD). Over six hundred million dollars will be devoted to the rental housing program in 1984 and 1985.
Publication Name: National Real Estate Investor
Subject: Real estate industry
ISSN: 0027-9994
Year: 1984
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