Singapore office rents soften in Q3 on economic outlook: DTZ
Average monthly gross rents in CBD falls by 4.1% q-o-q in the first decline from an uptrend since 2013
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Singapore
AVERAGE monthly gross rents in the central business district (CBD) declined by 4.1 per cent quarter on quarter (q-o-q) to S$10.40 per square foot in Q3 in the first decline from an uptrend since 2013, said DTZ South-east Asia.
This comes on the back of headwinds in the external economic environment.
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