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

Singapore

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 rose by 0.5 per cent during the quarter over the previous three months. In Q3 2018, the rise had been by 2.5 per cent.