Prime CBD rents in Singapore “to soften”

Property consultancy Cushman & Wakefield said on Thursday that it expects rents in Singapore’s core CBD to soften by 13.6 per cent through 2016 while those in Hong Kong’s greater Central area are set to rise by 12.4 per cent.

The firm noted that office rents in the prime areas of Singapore’s CBD weakened in the second quarter after more than two years of growth.

Point to ponder: Will the soften of the office rentals in Prime CBD area affect the market values of the offices there?

The Straits Times-18 July 2015

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