Prices of office space inch up 2.2% in Q3

Uploaded By:  Alyssa Divina Submitted By:  Staff Reporter Case Study:  No But rental prices slipped 4.5%. Prices of office spaces in Singapore jumped 2.2% in Q3, but rentals slipped 4.5% after remaining unchanged in the previous quarter, according to an URA report. Price index rose from 108.8 in Q2 to 111.2 in Q3. On the other hand, rental index to 90.9 in Q3 from Q2’s 95.2. At the end of Q3, there was a total supply of about 767,000 sq m GFA of office space in the pipeline, versus the 668,000 sq m GFA of office space in Q2. In addition, 174,908 sq m of office space were completed from Q1 to Q3. read more