S'pore tops Asia in Q2 office rental gains

[SINGAPORE] Singapore posted the strongest quarterly gains in office rentals in Asia during the second quarter of 2014, according to latest data from JLL.

In local currency terms, Singapore continued to see the strongest quarterly rental growth of 4.6 per cent compared to the preceding quarter.

The average rental for a Grade A office space was US$828 per square metre (psm) per year, making the city-state the third most expensive after Hong Kong Central at US$1,493 psm per year and Beijing's Central Business District at US$996 psm per year.