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Office rental decline accelerates

Analysts see vacancy rates soaring with more office completions soon

Singapore's office rental growth is likely to see the strongest overall growth over the next three years, according to M&G Real Estate's latest market outlook on real estate in the Asia-Pacific region.


THE Urban Redevelopment Authority's (URA) index for office rentals in Singapore eased 2.1 per cent quarter-on-quarter in the first quarter of this year - a steeper drop compared with the 1.8 per cent decline in Q4 last year.

From its recent peak in Q1 2015, the index has

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