Singapore’s office landlords, long dependent on banks, are broadening their tenant base to soak up empty space as the commercial property market inches toward recovery after a three-year slump in rents.
Property owners such as CapitaCommercial and Suntec (SUN) Real Estate Investment Trust are using the cheapest rents in three years to lure commodity traders, law firms and software companies. The new tenants are moving in as financial-services firms scale back expansion plans in the wake of the European debt crisis. Full story
