VIRUS OUTBREAK: BUSINESS IMPACT ·
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Will office assets continue to pique investor interest?

Singapore

THE slump in office prices in the Central Area outpaced the decline in rents last year, likely due to the pandemic-linked uncertainties plaguing the office market.

While prices and rents for offices have moved in the same direction over the past two decades, rents have typically proven to be more sensitive to market shocks.

The National University of Singapore's Institute of Real Estate and Urban Studies (IREUS) said that the office price index for the Central Area shrank 10.8 per cent year...

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