(February 14 11:57) Sbr.com.sg
Submitted By:
Luz Wendy Noble
Case Study:
No
Rents in Shenton Way/Tanjong Pagar jumped 18.4% to $9.53 psf pm in Q4.
Prime office rents in Singapore’s Central Business District (CBD) edged up 14.9% in 2018 after a QoQ growth of 2.4% in average CBD Grade A office rents to $9.43 psf pm, Colliers International said. The research firm revealed that the growth rate was highest since the rental hikes recorded back in 2010 when rents climbed 22% in a rebound following the Global Financial Crisis.
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