Singapore office rents rise 2.4% in Q2, prices fall 5.1%: URA

GEOPOLITICAL and economic headwinds notwithstanding, analysts expect central business district (CBD) office rents to keep growing after those in Singapore’s central region rose at a faster clip in Q2 2022.

Figures from the Urban Redevelopment Authority (URA) released on Friday (Jul 22) showed that the rental index for offices grew for the third consecutive quarter, by 2.4 per cent quarter on quarter in Q2, from the 1.6 per cent rise in Q1.