Short-term leases for commercial land may hit office rents in the suburbs
URA is exploring the release of more shorter lease sites, under its latest Long-Term Plan Review
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Singapore
IF AND when the Singapore government releases more commercial sites with lease durations below 99 years, there could be downward pressure on rents of some office spaces, especially those in suburban locations.
However, Grade A buildings in the Central Business District (CBD) are unlikely to face significant competition from these shorter-tenured spaces, real estate analysts told The Business Times.
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