CBD Grade A office rentals likely to be flat this year
Supply is limited, but market watchers say that cloudy business prospects and subdued growth in the local economy will provide little zing for rental growth
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
PROPERTY consultants are generally expecting Grade A office rentals in the Central Business District (CBD) to be flattish this year, after this segment posted slower growth in 2019 than in 2018.
JLL Singapore's head of research and consultancy, Tay Huey Ying said: "Clouded business prospects and subdued growth in Singapore's economy will provide little impetus for rent growth for the most part of 2020."
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
