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Asset Register Valuations makes the property more usable and improves it wherever this required and this is the reason that why people always wants the expert one to handle their process. It is clear, therefore, that information about the test routes is already in the public domain, albeit in a patchy and uncontrolled fashion. DSA have not suggested that the present state of affairs, in spite of these inconsistencies, is hampering the effective operation of driving tests, and it is difficult to see how making this information more readily available.

This can get done in the beneficial ways for the need of people that is more required process for getting the right result in the real estate field and making the right steps performed for the whole need of people. which would have the effect of ironing out those inconsistencies, would be likely to impair the operation of the test system. I recognise that learners need to be taught how to drive on a wide range of roads and in a variety of traffic conditions but it is presumably the purpose of test routes to be representative of such roads and conditions.

However, even though the specific questions are now being removed from the ADI question bank, if it remains DSA's policy to discourage instructors. From all of this it follows that I do not accept DSA's argument that to release details of the ADI and learner driver test routes for his area to Mr N might undermine the effectiveness of the test procedures.

Such steps requires the full experienced people for doing the permissible and complex valuation route that is done to get the right result in the real estate field for people’s house and this will make successful course. It may be helpful at this point to issue a reminder that the purpose of this investigation is to establish whether or not the information Mr N requested should be released to him. It is for DSA to decide whether they should make details of test routes more generally available, either in response to individual requests or through wider publication.

At the same watering and water logging must be an initial irrigation prior to or at the further 4 to 5 irrigations at 2 to 3 water is one of the most critical facts. While the cotton industry has often been criticised as a heavy user of water, its water requirements are actually moderate. Because of the high value of cotton, economic losses occur at quite low levels of infestation.



Of the thirty pests, four are of major importance, requiring control measures in most regions in most seasons: these are caterpillars of the two Heliothis species together with mites and aphids. Insects and their eggs are carefully counted at selected spots in each field before any decision is made to spray. By applying sprays only when necessary, costs are contained and environmental risk is minimised.The system of Integrated Pest Management involves a variety of approaches to pest management in cotton crops.

Over the last twenty five years cotton pr developed to a stage where Australian cotton as among the most efficient producers in the highest yields and quality equal to the be Australian cotton industry is continuing its e scientific improvement of varieties and research techniques to minimise and safely handle chem. Australian cotton growing expertise is soug industry has brought significant prosperity to i which is well reflected in towns To Determine Value in a Property it is compulsory to at first hire a property valuer and then that valuer will do the whole process..

Cott grown pure seed crops is used for planting t Cotton seed oil is one of Australia’s largest o produce cooking oil and animal feed. The unsuitable for spinning is used to produce h notes in some countries Cotton is noted for its versatility, appearance Cotton provides thousands of useful products an thousands of jobs in Australia as the cotton move.

from Emera expect this project will be warmly received f contribution it will make to the Hillston region.The more leaves the plant has, the more food it produces through photosynthesis, which is used to fill the grains. The plant develops very small flowers to reproduce and make seeds. The grains fill out in the head with a milky white fluid that turns dry and hard when the wheat is ready to harvest.

The food in the leaves is drawn into the grain and as this happens the plant is ripening and dying, turning a golden colour. Wheat is generally harvested between October and January.Insects such as locusts, aphids and red legged earth mites can ruin a wheat crop. Insects can attack the roots or the leaves of the wheat plant and others pass on diseases. Pests and diseases are managed in a variety of ways in wheat crops.

Fungicides and pesticides are used along with biological control of pests, crop rotation and planting of resistant strains of wheat.The protein content, measured as a percentage, determines the sale price of the grain. The class of wheat determines what the wheat can be used for.

The calendar year of 1994 was the worst year in twenty years for investors in assets valued by the financial markets.Although the Australian and US economies were growing at commendable rates, world financial markets feared the re-emergence of inflation and world bond markets crashed. The lesson of 1994 was the interrelationship of so called diversified investments.



Although many investors adhered to the diversified approach, their portfolios were still subjected to negative returns because bond markets affect share markets, and share markets affect property markets.The second part of the table shows the returns achieved by the top 25 % of producers during the same year. This is an institutionalized methodology that has a set of techniques utilized by expert property valuers who applies them in computing the huge estimation of the ownership.

From the preceding table it is evident that suffer the same downturn in returns evident i the top 25% of producers in the cropping returns on capital during the Ô94 and Ô95 finance. The relevance of comparing the top 25% of negative returns experienced by financial a These figures however, are interesting who performance during 1994 of diversified portfolio -1.7% for that year.

While projections of high returns are very interesting, investors should compare these to the actual returns achieved in agriculture. A rigorous comparison with historical returns will indicate the forecast returns of Lachlan Farming Limited are not without precedent.Large producers are defined as those farms in the wheat and other crops industry with gross receipts greater that $400 000, or farms in the other broad care industries with greater than $200 000. b By rate of return.

The chart above demonstrates the relative returns and volatility of this portfolio of properties compared to other asset classes. From the Directors experience and research, the historical returns from well managed cotton properties are on average, greater than those for Wheat and other crops. The conclusion that may be drawn from the preceding data is that a well managed agricultural investment has a documented history of achieving commercial rates of return.

Your investment in Lachlan Farming Limited is rural properties such as those described in this may be inspected by you and are employed understood. Regular open days will be con demand, a house on one of the properties investors for a nominal rent.Lachlan Farming Limited differs markedly f that its aim is to generate sustainable profit and sensitivity analysis). Rather than lose per to create tax deductions, the Company has distributions are tax-effective.

Many other agricultural investments are cha deduction they provide to investors, which marketed towards the end of the financial yea created by ensuring the investors incur losses, management fees and overpriced development losses are allowable deductions, they are j agricultural investments are rare indeed.The sale of Melbourne’s landmark Argus building, on the corner of Elizabeth and La Trobe Streets, will see new life emerge within the north west precinct.



The 10,000m2 (NLA) building had been the source of a number of planning approvals for apartment dwellings and multiple level roof top extensions since its purchase in 1984 by Spiros Stamoulis’ Ryssal Three.In the first Southbank office transaction for the year, the Bennelong Group purchased a nine level Southbank office building for $15.4 million, on a yield of 10%.

Located at 55 Southbank Boulevard, the 12,170m2 building comprises three levels of car parking, ground floor showroom and penthouse apartments, in addition to 6,990m2 GLA of office space. The 8,000m2 space will be occupied by the Department of Primary Industry, supplementing the 7,500m2 leased by the Victorian Communities Department and taking government occupancy of the building to almost 70%.The new building is the subject of a land and building construction package following the purchase of the 36,430 m2 site by TTC Australia from the Pellicano Group in October last year.

This is the second and final development on Pellicano’s 5.24 ha Notting Hill Business Campus estate in Blackburn Road, Notting Hill, which is situated immediately adjacent to Monash University and adjoins the head office of Pellicano Builders. The smallest tenancy, Shop One, sold for $3.34 million, reflecting a staggering $40,241/m2 for each of its 83m2 . The 125m2 sold on a 6% yield. The largest of the three sales, Shop 3 , sold for $8 million, fully leased to China Boat for ten years.

Supplementary to January’s sale of 55 Swanston Street (a 14 level office building purchased for $21 million), the building’s three ground floor retail outlets have each been sold separately by new owner, private investor Mike Figg. The three retail outlets changed hands for a total of $15.54 million. Magazines, handouts, snail mail - these are all viable stages to promote from and with an exact home valuation online will pay heed.

The new tenancy is reported to have been struck at $220/m2 , falling well short of the $300/m2 Shell is contracted to pay on the building for a further 15 years. Now fully sub let, Shells shortfall rental on the premium grade building is estimated to be approximately $3 million per annum.

In a strategic purchase, Gersh Investment Partners and Babcock & Brown entered a joint venture for the purchase of Pipeworks Fun Market at 400-430 Mahoneys Road Campbellfield. The 7.2 ha property sold to for $6.285 million, with the consortium likely to take advantage of the sites Business 2 zoning and further develop the large site, possibly to incorporate Bulky Goods or a Direct Factory Outlet.



Property valuation in Australia are in view of physical property inquire about, an extensive investigation of the range, current land business property valuations, and particular valuation programs. The Murray Road icon, comprises 117 specialty retailers and three supermarkets, including a new Aldi supermarket with 10 year lease, due to expire in 2013.

The retail outlet, located at 280-282 Bourke Street, is leased for ten years to Figgins Holdings, whose business Emporio Shoes occupies the building at annual net rental of $420,000.The 6,256m2 (GLA) market is situated on a major site of 43,215m2 , within a recently designated “Principal Activity Centre” under the Melbourne 2030 plan, opening up further retail and residential opportunities.

The recent voluntary administration of Mt Buffalo Ski Resort will see a further major alpine sale in the upcoming months.Within Melbourne, the city is coping with the first round of major supply additions with 169,121m2 of space entering the market during 2003. Supply additions are set to exceed 363,000m2 during the upcoming three years, representing a 10.7% increase to the stock base. However, this figure could conceivably push out to beyond 496,000m2 if all current mooted projects proceed to construction.

Vacancy rates are poised to reach 12% within twelve months, peaking at over 13% by early 2006 (see graph B). The Southbank precinct, set to experience record stock levels by 2005, will need to secure further pre-commitment to avoid a blow out in vacancy levels. On completion, Freshwater Place alone will account for 53,000m2 of new stock, however at this stage has secured only 50% pre-commitment by Price Waterhouse Coopers.

Average net rents in the St Kilda Rd precinct are currently around $180/m2 , with A grade rents ranging $220/m2 to $265/m2 whilst the Southbank market is averaging $200/m2 .Largely thanks to the delays of projects which were initially slated to enter the Brisbane CBD market late in 2003 (MacArthur Central, 15 Charlotte Street and initially Riparian) the vacancy levels recorded in the PCA Jan 04 figures was far lower at 6.4% than it may have otherwise been.

On the other hand there are the value driven owners who are willing to wait and take opportunities as they arise - in an essentially tight market for prime contiguous space these owners see opportunity to achieve rental growth. The Green Square town centre will be a significant new place for employment, with approx 7,500 - 8,000 workers expected to be located in this area.



The first stage of Victoria Park was a joint venture between Landcom and Austcorp called Centric.Stage 6 is the commercial precinct: Cardy & Co is currently designing an integrated commercial development to border the entire length of the site facing the Eastern Distributor.Landcom recently sold lot 202 (located in the north-west) of Victoria Park to developer Austcorp Group for approx $15 million. Over the past 12 months the South region recorded the highest annual growth of average net face rent of 6.12% to $156/sq m, followed by the Outer South West region with 4.35% to $96/sq m. LandMark White is still observing incentive levels between 5% and 10% for existing stock and up to 17.5% for newly developed space in the Near City.

Historically, the Brisbane CBD office market did not display any distinct supply cycle, with net supply averaging 27,480 sq m per annum over the last six years. Get a key thought about the cost system and the business relationship procedures for asset examination - and make sense of the systems that are being used by your picked business Valuations QLD firm. It can be expected that incentive levels will revert back to historic benchmarks, being a broader range of 5% to 15% as rental growth softens and the proposed increase of supply comes onto the market. LandMark White has observed the average range of Near City market yields narrow over the last two years.The significant weight of money and the identification of the Near City as one of the best performing markets in the country will undoubtedly see demand for office investments to continue.

J-REITs remained the dominant force as they added to their portfolios not only in Tokyo but throughout the country. The Taipei investment market remained active in the first half of aipei 2007, recording several major transactions. With sales totalling A$2.7 billion the office sector remained the most active, though the level of activity was moderated by firms looking to hold on to their assets.The most significant transaction in the first part of the year was the purchase of GE Plaza.This 14,000-sm (150,700-sf) prime office building is currently under construction and will be fully leased to GE on a long-term lease from completion in 2008.

In June, DA Office Investment acquired three office buildings, including the Shinjuku Mines Tower (42.3% stake) in Shibuya-ku for JPY 65.1 billion from an SPC of DaVinci Advisors.Investor interest in large, landmark office properties also extended beyond Tokyo's central five wards (CFW): Nippon Building Fund (NBF) acquired sectional ownership of Nakano Sakaue Sunbright Twin and Annex in Nakano-ku for approximately JPY 31.6 billion.

The luxury residential sector remained active throughout the period under review.

REP also acquired another 12 properties in Tokyo and major cities in the Kansai region for JPY 7.9 billion, at a blended NOI yield of 5.9% during the period.Nippon Residential Investment Corporation (NRI) acquired 12 properties in CFW for JPY 27.9 billion in May. Therefore the properties are adjusted arrangement costs in and around the value that is figured. In April, re-plus residential investment inc (REP) acquired 26 properties from its sponsor, re-plus K.K., for approximately JPY 20.2 billion. In another notable transaction, LCP Investment Corporation (LCP) acquired five CFW properties for approximately JPY 21.5 billion in March.



One of the most notable retail investment transactions during the first quarter was the acquisition of Jewelry Tower Tasaki Ginza by NBF under a sale-and-leaseback arrangement from Tasaki Shinju Co Ltd. The purchase price of JPY 17 billion equated to an NOI cap rate of 3.3%, and set a benchmark yield for a fully reported retail acquisition. largest of these acquisitions was the FLEG American Bridge Building in Shibuya-ku scheduled for completion by September 2007, purchased for JPY 5.7 billion. Japan Retail Fund (JRF) acquired five new/under construction properties during the first half of 2007, so as to avoid the strong competition for existing prime schemes.

In April, Japan LaSalle Logistics Fund acquired a vacant lot (formerly a Konica Minolta packaging facility) through its SPC, Hamura Property SPC, for approximately JPY 70 billion.

With expectations that additional corporates are likely to dispose of real estate assets, investors are now targeting firms with large real estate holdings as a potential source of fully operational, welllocated properties.Although the nationwide CPI fell for the fourth straight month in May to 0.1% y-o-y, the BOJ remained optimistic that core CPI will rise on the back of the continued upbeat economic performance. A headline-maker was Citigroup Property Investors' acquisition of Crocodile House and the adjacent Ananda Tower in Central for a total of HK$1.5 billion, or HK$8,359 psf and HK$7,714 psf, respectively.

Notable transactions of this type included the sale of Matheson Centre in Causeway Bay for HK$350 million, or HK$10,189 psf. A house at Severn 8 on The Peak was sold to a local entity in June for HK$210 million.The transacted price of the 5,100-sf property was approximately HK$41,330 psf, a new record for luxury residential properties in Hong Kong.

However, the limited supply of new luxury houses in traditional residential districts limited purchasers' choices and shifted some demand to increasingly popular luxury high-rise apartments. Noteworthy examples included a penthouse unit named "King of House", at The Legend in Jardine's Lookout, which was sold for HK$128 million, or HK$33,300 psf; and the en bloc transaction of Lodge on the Park in Mid-Levels for HK$1 billion, or HK$11,091 psf.

Nan Fung also bought an existing building at No. 11 Coombe Road for over HK$610 million, or an accommodation value of HK$33,388 psf, for redevelopment purpose.In the first half of 2007, the average capital value of prime retail properties soared by 8%, far outstripping the rental increase of 2.3%. The commercial sector, including office and retail properties, accounted for 21% of total investment sales, or S$5.22 billion, in the first half of 2007.



Union Investment Real Estate AG purchased the office block at VisionCrest and The House of Tan Yeok Nee for S$260 million (S$1,555 psf), and in separate transactions OCBC Bank and CapitaLand divested their Samsung Hub stakes for a total of S$275.3 million. In the retail sector, Frasers Centrepoint signed a put-and-call option agreement to acquire the leasehold mall in NTUC Choice Homes' Yee Tee Residences for S$115 million (S$1,403 psf).

In the first half of 2007 the residential sector again accounted for the largest share (71%) of investment sales, with S$17.42 billion in transacted value (including Good Class Bungalow sales). The licensed property valuers adelaide will never let you any loss in performing the property transaction process.

A total of 76 collective sales amounting to S$9.8 billion was recorded, with the S$1.34 billion (S$762 psf/plot ratio) sale of Farrer Court to a consortium of CapitaLand, Hotel Properties, USbased Wachovia and a foreign fund being the largest, while the sale of The Ardmore to SC Global for S$262 million (S$2,338 psf/plot ratio) set a new unit sale benchmark.The industrial sector continued to enjoy good sales momentum in the first half of 2007, largely driven by REIT-related purchases, and accounted for 3.6% of total investment sales or S$889.8 million.

Tenders for these two sites will close in the third quarter of 2007 and are likely to yield over S$2 billion worth of investment sales if they are awarded. The outlook for all property sectors remains positive, and total investment sales for 2007 are likely to exceed S$35 billion, surpassing the record of S$30.51 billion set in 2006.Take-up declined markedly in the second quarter of 2007 following an extremely active first quarter, as no new space came on stream and most players stayed on the sidelines.

The only significant project scheduled to come on stream in 2007 is the 285,000-sf Yuanta Core Pacific Securities Headquarters, which will be reserved for self-use. With landlord's unwilling to compromise on rental levels, Grade A vacancy edged up 20 basis points to 0.9% as floors became available in a number of large-scale buildings.
Activity in Seoul's major sub-markets was upbeat during the second quarter of 2007, with several prominent leasing transactions, including ING taking the entire M Tower in the CBD, and Ernst & Young securing 50% of available space in the newly opened Taeyoung Building in the Yeouido Business District. Expansion and relocation by MNCs and other occupiers will continue to drive demand in all three submarkets.

The majority of the transactions in both the CBD and non-CBD areas were by financial institutions. Certified property valuers are the first choice when anyone looking for hiring the property valuer to conduct the property valuation process. Rapid absorption of vacant stock (being created by tenant movements) has also resulted in increased rentals across the CBD, which averaged INR 360 (US$8.8) psf per month in the second quarter.

Major transactions in the CBD included Technopak (22,000 sf) and CNBC (22,000 sf) in UB City. The new projects have been well received, with 90% of the Menara Karya having been sold strata-title, and Wisma Bakrie 2 reporting over 85% occupancy. BPO companies fear that the peso's appreciation may deter overseas firms from expanding and setting up their back-end offices in the Philippines, however estimates of BPO growth remain strong and developers are proceeding with large-scale BPO projects. Weak demand in the prime office market continued to pressure rentals in the second quarter.



Although net take-up of prime office space was up significantly q-o-q, it was 51% lower y-o-y, and most deals were small, indicating that large expansion plans were still on hold.Rental rates for prime office space continued to drop, falling 0.3% q-o-q to THB 739 psm (US$1.99 psf) per month. The continuing increase of foreign direct investment as well as the growth of domestic enterprises has increased pressure on the HCMC office market, which is now feeling the scarcity of supply even more acutely. Premium net face rents increased by 4.7% to A$403 psm per annum (US$2.65 psf per month) over the first half of 2007. The Perth CBD office market remaine"d extremely strong in the first half of 2007.

With the vacancy rate at below 1% in December 2006, net absorption was expected to be weak over the first half of 2007, and just 8,000 sm (86,100 sf) of prime absorption was recorded in the year to June, while secondary absorption was negative. The low prime vacancy rate has driven prime net face rental growth of 18.6% over the six months to June 2007. Prominent leases include commitments by GE (around 14,000 sm / 150,700 sf) and the Bank of New Zealand (around 7,000 sm / 75,300 sf) to new buildings in Quay Park. New rental benchmarks have been achieved at levels significantly above previous highs.
Prime rents grew 11.2% to NZ$317 psm per annum (US$1.9 psf per month) over the year to June, while Secondary rents increased 11.7% to NZ$182 psm per annum (US$1.09 psf per month).Some 45,000 sm (484,400 sf) of space is due to be completed by the end of 2008, with two-thirds currently precommitted.Prominent leases included Land Transport NZ taking 2,230 sm (24,000 sf) in the new Chews Lane development and Kiwibank taking 2,400 sm (25,800 sf) in Radio NZ House.



There is an independent organization known as Global Property Guide which could be a useful place where one could get the right information regarding tenancy and property valuer rules in Australia. Prime rent grew 8.0 % to NZ$295 psm per annum (US$1.76 psf per month) over the year to June, while secondary rents increased 10.9% to NZ$183 psm per annum (US$1.09 psf per month). In the most significant completion, the Ministry of Defence occupied new purpose-built premises. Six office buildings were put into operation in the second quarter, including Minsheng Life Tower in Chaoyang District, Towers B and E of Glory China Center in Dongcheng District, and China Life Center and Excel International Center in Xicheng District.

China Life Center, on Finance Street, is a Beijing International Financial City project; China Life Insurance will lease out the 387,500 sf space it does not occupy. Pre-leasing activities began in several CBD projects, prompted in part by the expectation that a significant number of office buildings will be released in the run-up to the Olympics. With so many new projects coming on stream, some landlords have decreased asking rents to stimulate demand.

Average rent for prime office buildings in the CBD decreased by 1% q-o-q, closing at RMB 215.4 psm (US$2.63 psf) per month.
The Finance Street market remained active in the second quarter, with rent rising by 1.3% q-o-q to reach RMB 194.6 psm (US$2.37 psf) per month despite the launch of three high quality projects. Independent property valuation melbourne process is necessary in today’s world to get aware with your house price. The pre-leasing of the Excel International Centre is proceeding apace, with Institute Business Protection (IBP) leasing 16,100 sf this quarter.



he asking price for prime Finance Street office buildings rose by 6.8% q-o-q, reaching RMB 26,000 psm (US$317.3 psf), in line with developers' optimistic predictions for this office sub-market. After falling for several quarters, asking rents for prime office buildings in Zhongguancun began to climb in the second quarter, reaching RMB 151.4 psm (US$1.85 psf) per month, a 0.3% rise q-o-q. With no new prime office projects coming on stream in the area in the near term, rents are expected to rise in a stable manner.

Finance Street tenants, mainly financial services firms and large state-owned enterprises, have benefited from the strong performance of the capital market; hence they can afford to pay premium rents and have been aggressively pursuing space.Looking at future supply, five projects with 2.8 million sf of prime office space will be put on the market in the third quarter, of which 2 million sf will be in the CBD, 430,600 sf on Finance Street, and 366,000 sf in the Second East Ring area.

Average rent in Puxi rose 1.4% q-o-q to RMB 214.1 psm (US$2.61 psf) per month, while the average Pudong rent grew 1.4% to RMB 232.2 psm (US$2.83 psf) per month. Grade A properties registered rental growth of 1.5%; Grade B tallied a 1.1% increase. Metrobank Plaza was the only new supply in the first half of 2007, providing 173,500 sf of office space at the intersection of Yan'an Road and Panyu Road in Changning District.Lujiazui CBD witnessed a high level of activity by financial institutions. Bank of East Asia relocated its office from Bank of China Tower to take three floors in Bank of Shanghai Tower, while Full Goal Fund leased 10,760 sf in Citigroup Tower.

In Puxi, BHP Billiton leased nearly 32,300 sf in Corporate Avenue in Xintiandi, while Morgan Stanley committed to 32,300 sf in the Bund Centre. With a net take-up of 1.02 million sf this quarter, the average vacancy rate dropped a further 1.2 percentage points to a record low of 4.4%. Tight availability in existing space stimulated pre-leasing deals.

In the Nanjing Road West area, two Grade A office buildings, Park Place and East Ocean Plaza, are scheduled to come on stream in 2007, adding a total office GFA of 968,800 sf and 742,700 sf, respectively.
In the Nanjing Road West area, Park Place, scheduled to open later in 2007, is proving popular with international law firms, with Faegre & Benson, Hogan & Hartson and Fried Frank each taking 13,500 sf. In the People's Square area, the Chong Hing Finance Centre, scheduled for completion in the second half of this year, secured pre-commitments from NTT, Mitsubishi Automation and K Line. BP took up 86,100 sf of office space in You You Plaza in Pudong; Kuehne & Nagel leased 64,600 sf in Daning Life Hub in Zhabei; and Cisco leased 19,400 sf in KIC in Wujiaochang. Puxi is expected to see the bulk of new completions in the second half of the year.

This resulted in a relatively steep rise of 2.2% q-o-q for Grade B rents, while Grade A office rents were essentially unchanged, continuing the narrowing of the premium of Grade A office rents over Grade B rents as seen over the last six months.



In the People's Square area, the Chon"g Hing Finance Centre and Plaza 336 will be launched in the next six months, adding about 678,100 sf to the market. Given the current low vacancy rate of 4.4% across the market, and 3% for Grade A properties, office rents are expected to further increase over the next six months.

Major deals reported in the quarter included Deloitte leasing 48,400 sf in Teem Tower (Tianhe) and Schneider Electric and New World China leasing 21,500 sf and 10,800 sf, respectively, in Development Centre (Pearl River New City).

Guangzhou Hengda Property Development took almost 107,600 sf of space in Talent Centre (Yuexiu), the largest leasing deal in the quarter. To prepare the property and prepare valuation report it needs to get consultation from the experienced settlement agents. Increases in Grade B office rents drove average prime office rents up by 1% q-o-q to RMB 97.6 psm (US$1.19 psf) per month. The next 18 months will also see an increase in the quality of stock on offer, with the launch of high-end projects in prime business locations.

Office space completed over the past 12 months continued to attract tenants, with the quarter's net take-up of 719,400 sf leading to a q-o-q 1.9 percentage point tightening in the vacancy rate, which ended the quarter at 16%.