Singapore office rents decline at faster pace


SINGAPORE: Singapore office rents declined at a faster pace in the second quarter as an oversupply and weak demand curbed prices sought by landlords.

A gauge of office rents fell 3.5% in the three months ended June, data from the Urban Redevelopment Authority showed yesterday.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Singapore

   

Next In Business News

US announces details on higher China tariffs, some to start Aug 1
Five Petroleum to explore partnerships in Uzbekistan
Japan's 10-year yield hits more than decade high of 1% as BOJ bets build
Indonesian central bank holds interest rates steady, as expected
M&S annual profit soars 58% as turnaround strategy delivers
LVMH deepens partnership with Alibaba to boost tech presence in China
Asia stocks up on high hopes for Nvidia, NZ dollar jumps
CIMB forecasts mid-June kickoff for fuel subsidy rationalisation
New Zealand dollar surges on surprisingly hawkish RBNZ
China's first batch of ultra-long special bonds surge on debut, triggering suspension

Others Also Read