Singapore’s office and industrial rents declining

Property-report.com, 13 Jul 2009, Adley Low
Singapore´s rental market for both the office and industrial markets are heading southwards, research from CB Richard Ellis (CBRE) and DTZ show.
According to CBRE, prime office rents averaged S$8.60 per sq ft per month, reflecting a 18.2 percent decrease quarter-on-quarter as compared to the 18.6 percent quarter-on-quarter drop in the first quarter of 2009.
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