Reuters, 2 Oct 2008, Daryl Loo
SINGAPORE, Oct 2 (Reuters) - Singapore office rentals will soften in early 2009, a year sooner than expected, after rents plateaued and vacancies rose in the third quarter of 2008 amid global financial turmoil, CB Richard Ellis said on Thursday.
"We had earlier anticipated rents would only soften beyond 2010. With the events of the past few weeks, we believe that the correction has been fast-forwarded to early 2009," the property consultancy said in a report.
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