Office rental decline accelerates
Analysts see vacancy rates soaring with more office completions soon
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Kalpana Rashiwala
Singapore
THE Urban Redevelopment Authority's (URA) index for office rentals in Singapore eased 2.1 per cent quarter-on-quarter in the first quarter of this year - a steeper drop compared with the 1.8 per cent decline in Q4 last year.
From its recent peak in Q1 2015, the index has corrected 9 per cent.
