New Savills managing director forecasts 'AAA' office rental growth to hit 10% this year
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
BELLS are ringing for landlords amid a shortage in supply in the core CBD area and increased demand from various industry groups, Savills Singapore's new managing director Marcus Loo told The Business Times yesterday.
He added that the global real estate service provider, which is listed in the London stock exchange, forecasts rental growth for 'AAA' grade office buildings to more than double to 10 per cent this year.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
