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PR Newswire
22-01-2018, 02:34 PM
Singapore Office Rents to Rise the Most in Asia
By Pooja Thakur Mahrotri
January 22, 2018, 5:00 AM GMT+8
Singapore office rents are set to post the biggest gains among Asian cities as an increase in demand runs into moderating supply, according to Cushman & Wakefield Inc.
Office rents in all major Asian cities, with the exception of Tokyo, are set to rise over the next two years, according to forecasts from Cushman. Singapore will lead the pack, with rents forecast to surge 25 percent, more than double the 12 percent growth forecast in Hong Kong’s central business district.
“The best is yet to come for the office leasing market,” said the Singapore-based Sigrid Zialcita, managing director for Asia Pacific research at Cushman. “Conditions haven’t looked this good since the spurt in the aftermath of the financial crisis.”
More details in https://www.bloomberg.com/news/articles/...-hong-kong
By Pooja Thakur Mahrotri
January 22, 2018, 5:00 AM GMT+8
Singapore office rents are set to post the biggest gains among Asian cities as an increase in demand runs into moderating supply, according to Cushman & Wakefield Inc.
Office rents in all major Asian cities, with the exception of Tokyo, are set to rise over the next two years, according to forecasts from Cushman. Singapore will lead the pack, with rents forecast to surge 25 percent, more than double the 12 percent growth forecast in Hong Kong’s central business district.
“The best is yet to come for the office leasing market,” said the Singapore-based Sigrid Zialcita, managing director for Asia Pacific research at Cushman. “Conditions haven’t looked this good since the spurt in the aftermath of the financial crisis.”
More details in https://www.bloomberg.com/news/articles/...-hong-kong
Specuvestor: Asset - Business - Structure.
