Singapore office landlords get upper hand as rentals jump

SINGAPORE: When it comes to renting an office in downtown Singapore, the tables have turned.

Landlords now have the upper hand in rental negotiations, with leasing rates in the city-state’s prime business districts rising at the steepest pace in more than four years. And with both demand accelerating and supply dwindling, rents are forecast to remain firm until at least 2022, when new supply is expected to come into the market.