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Q2 rents up for CBD Grade A and Marina Bay offices

Market watchers have been expecting these rents to turn the corner only in late 2017 or early 2018

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Based on preliminary second-quarter estimates from JLL, the average rental values for its overall CBD Grade A and Marina Bay baskets have posted their first quarter-on-quarter increases after having declined for two years.

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Microsoft is understood to have signed up for about 125,000 sq ft in Frasers Tower in Cecil Street.

Singapore

GRADE A office rents in Singapore's CBD may have bottomed earlier than expected.

Based on preliminary second-quarter estimates from JLL, the average rental values for its overall CBD Grade A and Marina Bay baskets have posted their first quarter-on-quarter increases after

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