Rental Rates

Rise in office rents to slow this year

Office rents in Singapore are likely to rise at a slower pace this year, even as supply, especially in prime areas, remains tight. Robust demand for grade A office space by financial institutions and other companies will still contribute to overall rental growth, but it would not match the upward spiral seen last year, said property consultants. “A variety of factors indicate a slower pace of rental...

Experts say Grade A office rentals to continue rising in 2008

Rentals of Grade A offices in Singapore are expected to continue rising this year. According to property consultant Savills, average office rentals here may even nudge above that of Hong Kong's, currently the highest in the region. They added that Singapore's office property sector will continue to remain buoyant despite worries over the US sub-prime crisis. One Raffles Quay in Singapore's Central...

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