Reuters, 7 Dec 2011
Dec 7 (Reuters) - Office rents in Hong Kong and Singapore are set to fall, brokers say, as the cities' markets start to reflect the slowdown in trade and investment caused by the euro zone debt crisis.
In a mid-quarter review released on Wednesday, Jones Lang LaSalle Inc forecast Grade A rents in Hong Kong to fall 5-6 percent in the fourth quarter to $1,643 per square meter per year, and 4 percent in Singapore to $786 per square meter per year. Full story