Colliers expects 14% full-year rise in CBD Grade A office rents

This will be the fastest pace of growth in its average S'pore CBD Premium and Grade A rent since 2010


COLLIERS International's data shows average CBD Premium and Grade A rental value rose 4.3 per cent to S$9.20 per square foot per month in the third quarter of 2018 over the previous quarter.

The rental figure for Q3 2018 reflects an increase of 12.1 per cent from Q4 last year.

The property consulting group is forecasting a full-year rise of 14 per cent - the first double-digit annual growth since 2011 and the fastest pace of increase since 2010.

The 4.3 per cent quarter-on-quarter (q-o-q) rental...

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