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URA office rental index grows at slower clip in Q4, points to smaller hike in office rents this year

URA's figures show that office rental index for central region rose 0.5% in Q4; in Q3, the rise had been 2.5%

CBRE's head of research for Singapore and South-east Asia Desmond Sim says there was a flight to quality in Q4. URA's vacancy rate for Category 1 office space tightened from 15.7 per cent at end-Q4 2017 to 11 per cent at end-Q4 2018.


OFFICE rents are poised for a smaller hike this year than the increase last year, going by the slowdown in the pace of growth in office rents in the fourth quarter of 2018.

The Urban Redevelopment Authority's rental index for office space in Singapore's central region...

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