S'pore office rents up in 2014, but still among Asia-Pac's lowest
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Singapore
LEASING an office in Singapore's central business district (CBD) grew costlier last year, but the local market remains one of the cheapest among major cities in the Asia-Pacific.
Property consultancy Cushman & Wakefield said on Friday that a supply crunch in prime office space drove the average total occupancy cost for Singapore CBD office space up 9.8 per cent from 2013's level to US$93 per sq ft (psf) a year last year.
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