Singapore Office Outlook

Office rents to ease soon

With no new major buildings yet completed, supply of office space continues to be tight in the Central Business District (CBD). In the wake of unceasing uncertainties in the wider economy and high office rentals, more companies are adopting a cautious business approach, gravitating towards cheaper premises like decentralised office buildings, industrial properties, business parks and disused State...

Office property market slowing in Q2

Singapore's office property sector market appears to be cooling a little. According to property consultant DTZ, the average office occupancy rate for the second quarter of this year saw a dip of 0.2 percentage point. Office rental prices have also been flat - suggesting that the market is resistant to rising prices. According to DTZ, the average office occupancy rate in the second quarter dipped to 96.9...

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