Singapore CBD rents to hit S$9.54 psf per month by end-2020: report
Emerging vacancy in market has placed downward pressure on Grade A office rents, CBRE says in separate report
Add BT as a preferred source
Singapore
CUSHMAN & Wakefield is projecting rents in Singapore's central business district (CBD) to land at S$9.54 per square foot (psf) per month by the end of 2020, down 10 per cent from 2019's peak of S$10.66 psf per month, it said in a report on Thursday.
Emerging vacancy in the market placed a downward pressure on Grade A office rents, CBRE said in a separate report on the same day.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Tiger Beer lines up new products as Singapore operations’ role shifts from brewing to innovation
Single founders, billion-dollar valuations: AI is minting unicorn startups at birth
