SUBSCRIBERS

Singapore falls to No 20 in prime office cost list

It drops 4 spots from a year ago as occupancy costs slide by 13.8% to US$94.47 psf per annum; Hong Kong retakes No 1 spot, pipping London's West End

Published Thu, Jun 16, 2016 · 09:50 PM

CBRE

Singapore

AMID strong and stable demand for office space in top Asian cities such as Hong Kong, Beijing, Tokyo and New Delhi, Singapore has, comparatively speaking, fallen well behind its peers, according to data from global property consultancy CBRE.

In its biannual Global Prime Office Occupancy Costs survey of 126 markets, CBRE reported that the Asia-Pacific region had seven cities in the top 10 list of office markets based on occupancy costs in the first quarter of this year.

Occupancy costs comprise rent, local taxes and service …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes