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Office rental decline accelerates

Analysts see vacancy rates soaring with more office completions soon

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Singapore's office rental growth is likely to see the strongest overall growth over the next three years, according to M&G Real Estate's latest market outlook on real estate in the Asia-Pacific region.

Singapore

THE Urban Redevelopment Authority's (URA) index for office rentals in Singapore eased 2.1 per cent quarter-on-quarter in the first quarter of this year - a steeper drop compared with the 1.8 per cent decline in Q4 last year.

From its recent peak in Q1 2015, the index has...

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