You are here

Forecasts for CBD office rents clipped

After tepid Q1 growth, property consultants expect rents to stagnate or ease for the rest of 2015; next year could bring downward pressure

pixgeneric150507.jpg
Sentiment in the Singapore office market, hailed as the bright spot of the local property market for the most part of last year, has taken a hit.

Singapore

SENTIMENT in the Singapore office market, hailed as the bright spot of the local property market for the most part of last year, has taken a hit.

Weaker-than-anticipated leasing demand for office space in the Central Business District (CBD) since late last year was