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Singapore office leasing momentum to slow on economy's easing: CGS-CIMB
Overall office rents seen falling 5-10% this year, worse than previous forecast of 0-5% decline
Add BT as a preferred sourcePublished Fri, Jun 19, 2020 · 09:50 PM
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Singapore
LEASING momentum in the office rental sector is expected to slow due to a weaker macroeconomic backdrop, even as viewing activities resume in Phase Two of Singapore's "circuit-breaker" easing, said CGS-CIMB.
Analyst Lock Mun Yee forecast overall office rents to decline between 5 and 10 per cent this year, compared to a previous forecast of a 0-5 per cent drop.
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