MRT network eroding prime offices' premium: DTZ

[SINGAPORE] With the expansion of the MRT network here improving accessibility across the island, the rental differences between prime office and decentralised office space are expected to continue narrowing.

As at the fourth quarter last year, gross average office rents in Tampines were 46 per cent lower than those in Raffles Place; those with office space in Jurong East enjoyed 25-35 per cent discount off Raffles Place rents.

Office spaces closer to town had smaller differences: Novena rents were 15 per cent less than Raffles Place ones, based on DTZ's figures; Buona Vista…