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Singapore office rents continue to rise in Q2

Recent rollback of the relaxation of Covid-19 measures unlikely to derail office rental recovery

Kalpana Rashiwala

Published Sat, Jul 24, 2021 · 05:50 AM

Singapore

DESPITE continued contraction in net office demand and rising vacancies, office rents continued to rise in the second quarter, based on the latest official data.

This has come about from improved leasing activity for spaces in newer, better-quality, more environmentally-friendly offices in attractive locations, amid a flight to quality by smaller occupiers - including some tech companies and investment/