S'pore prime-office rents may fall 3% in next 3 years

Singapore

PRIME-OFFICE rents in Singapore could see an overall 3 per cent drop over the next three years, as some 7.6 million square feet of new office supply in gross floor area (GFA) will come on stream.

This is taking place in contrast to the double-digit office rental growths that will be seen in other Asian cities such as Mumbai, Melbourne, Bengaluru and Hong Kong, according to Knight Frank.