Property News · October 15, 2019

Office tenants in Singapore’s central business district push back on landlords’ attempt to raise rental charges


Some office tenants in Singapore’s central business district (CBD) are resisting further increases in rents, following nine consecutive quarters of increase in grade A office rents in the business area, according to a market report by Colliers International. Cumulatively, grade A office rents in the CBD have risen by 27 per cent since the second quarter of 2017, driven by tightening supply.Average monthly grade A office rents in the CBD have climbed 1.5 per cent to S$10.08 (US$7.36) per square…

Source : South China Morning Post
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