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CCT sees Singapore office rents picking up only from end-2017
Rents this year are down 15% following the addition of 2.3 million sq ft of space
Add BT as a preferred sourcePublished Wed, Nov 30, 2016 · 09:50 PM
Singapore
SINGAPORE'S office rents will remain "a little soft" in 2017 and may pick up only at the end of the year when the amount of new supply of space shrinks, according to CapitaLand Commercial Trust (CCT), one of the city-state's biggest landlords.
About 2.3 million square feet of space was added this year, driving rents down by 15 per cent, said Lynette Leong, chief executive officer of the real estate trust's manager.
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