Have Singapore office rents bottomed?
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Singapore
AMID an improvement in business confidence, Singapore's Grade A CBD office rentals posted their first uptick after five consecutive quarter-on-quarter drops since the Covid-19 outbreak began, going by preliminary data from JLL.
The property consulting group estimates that the average monthly gross effective rental value of its Grade A CBD office basket has risen 1.2 per cent quarter on quarter to S$9.90 psf in the second quarter of this year from S$9.79 psf in Q1 2021.
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