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Singapore office market improving as supply tapers off: BlackRock

US asset manager mulling investments in malls, industrial properties here

BlackRock last year sold its 43-storey Asia Square Tower 1 for US$2.5 billion to Qatar Investment Authority in what was Singapore's largest office transaction.


BLACKROCK said the worst is over for Singapore's office property market with supply tapering off, and that elsewhere in the Asia-Pacific, the world's largest asset manager is looking to raise its real estate exposure in Japan and Australia.

Prime office rents in Singapore

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