Property News · August 7, 2018

Tapering Singapore office supply gives landlords room to increase rents


Singapore’s office market is in the early stages of a recovery as tapering office supply and strong pre-commitment levels have caused the office vacancy rate to decline, offering landlords higher bargaining power to increase rents.
“Office rent is expected to increase by 20 to 25 per cent between 2018 and 2020, of which 12 to 16 per cent is expected in 2018,” said Regina Lam, head of capital markets research at JLL in Southeast Asia, adding that prime office rents have already…

Source : South China Morning Post
Read more…Tapering Singapore office supply gives landlords room to increase rents

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