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Allianz deal latest to mark office rent upturn

Gross effective rent of S$10 psf is above the low-S$8 in locale 2 years ago

ASB Tower is being developed by Ascendas-Singbridge Group, Mitsui & Co and Tokyo Tatemono Co.


ALLIANZ is understood to have entered into a lease at ASB Tower, the new development coming up on the former CPF Building site in Robinson Road, at a gross signing rental of around S$11.50 per square foot (psf) a month.

The deal is said to reflect a gross effective rent...

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