Steeper falls in office and retail rents in Q2: URA (Amended)
Consultants say the trend is driving leasing activity
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Singapore
RENTALS and prices of office and retail space fell more steeply in the second quarter than in the first, data released by the Urban Redevelopment Authority (URA) on Friday showed.
Rentals of office space fell 3.5 per cent, after a 2.1 per cent decline in Q1; prices fell 1.5 per cent in Q2, after a 0.3 per cent decline in the previous quarter.
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