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Singapore office rents soften in Q3 on economic outlook: DTZ

Average monthly gross rents in CBD falls by 4.1% q-o-q in the first decline from an uptrend since 2013

Published Mon, Oct 5, 2015 · 09:50 PM
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Singapore

AVERAGE monthly gross rents in the central business district (CBD) declined by 4.1 per cent quarter on quarter (q-o-q) to S$10.40 per square foot in Q3 in the first decline from an uptrend since 2013, said DTZ South-east Asia.

This comes on the back of headwinds in the external economic environment.

Average monthly gross rents in Marina Bay dropped 5.5 per cent q-o-q to S$13 per sq ft, while rents in Raffles Place fell 3.4 per cent q-o…

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