S'pore leads Asia-Pac's prime office rental growth
Tenants demanding good-quality space, now in limited supply. Average CBD rent in Singapore was at S$10.30 psf in Q3
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Singapore
SINGAPORE recorded Asia-Pacific's highest growth in prime office rentals of 19 per cent over the 12 months to end-September 2014. This was boosted by tenants' demand for good-quality space, which remains in limited supply as vacancy tightens.
The cities of Taipei, Wellington and Auckland were ranked next, recording annual growth rates of between 8 and 10 per cent, a property digest released by JLL on reported on Wednesday.
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