The Business Times

Property

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Property

SUBSCRIBERS

Raffles Place's office rents catching up with Marina Bay's

4% rental gap in Q3, smallest since 2011, due to higher occupancies, lack of new Grade A space in Raffles Place

Published Mon, Nov 30, 2015 · 09:50 PM
Share this article.

Singapore

GRADE-A office rents in Singapore's traditional Raffles Place CBD nearly caught up with the newer business district in Marina Bay in the third quarter of this year.

The rental gap between the two areas was 4 per cent in the third quarter, the smallest differential since 2011, according to Cushman & Wakefield.

This significant narrowing of rental gap between Raffles Place and Marina Bay came as Grade-A office rents in Marina Bay dropped 19 per cent in t…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here