MRT network eroding prime offices' premium: DTZ

Rental gaps also narrowing on govt plan to decentralise commercial areas

[SINGAPORE] With the expansion of the MRT network here improving accessibility across the island, the rental differences between prime office and decentralised office space are expected to continue narrowing.

As at the fourth quarter last year, gross average office rents in Tampines were 46 per cent lower than those in Raffles Place; those with office space in Jurong East enjoyed 25-35 per cent discount off Raffles Place rents.

Office spaces closer to town had smaller differences: Novena rents were...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to