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o Property occupiers continue their shift from Central Business District (CBD) to Alternative Business District (ACBD) and Extended Business Districts (ECBD).
o New Supply to be added this quarter which is expected to put downward pressure on rents and capital values.
o With increase in FSI on certain commercial buildings, the gap between demand and supply is increasing further.
Demand to pick up in the next quarter resulting in higher transaction volumes However, the leasing and the capital values to remain stable.