Singapore office rents lift after straight six quarters fall

People's Daily Online, 26 Jun 2010
Singapore office rents are picking up after sliding for six consecutive quarters, local media reported on Friday.
Property consultancy CB Richard Ellis (CBRE) said that the economic recovery and pent-up demand have boosted monthly prime office rents from about 6.70 Singapore dollars per square foot (4. 82 U.S. dollars) in the first quarter to 6.90 Singapore dollars per square foot (4.97 U.S. dollars) this quarter, a rise of 3 percent... Full Story