Singapore office rents expected to lead increases among Asian cities

Singapore

SINGAPORE office rents are set to post the biggest gains among Asian cities as an increase in demand runs into moderating supply, according to Cushman & Wakefield Inc.

Office rents in all major Asian cities, with the exception of Tokyo, are set to rise over the next two years, according to forecasts from Cushman. Singapore will lead the pack, with rents forecast to surge 25 per cent, more than double the 12 per cent growth forecast in Hong Kong's central business district.