SINGAPORE -- Rents for office space in Singapore are finally on the way up after six consecutive quarters of decline.The economic recovery and pent-up demand have boosted monthly prime office rents from about SG$6.70 (US$4.8) per sq ft in the first quarter to SG$6.90 for this quarter, a rise of 3 percent, said property consultancy CB Richard Ellis (CBRE). Grade A rents rose 5.6 percent quarter-on-quarter to SG$8.45 per sq ft a month. Full Story
