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Central Region office, retail rents slide even faster in Q1

But market players see office segment turning around earlier than retail which is undergoing structural changes

Kalpana Rashiwala

Published Fri, Apr 28, 2017 · 09:50 PM

Singapore

BOTH office and retail rents retreated at a steeper pace in the first quarter of this year amid rising vacancies, according to latest official statistics.

However, the general view is that the office market will probably start to turn around earlier than retail, which faces deep-rooted structural changes in its operating environment.

As Tay Huey Ying, JLL head of researc…

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