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Upward trend in office rents to continue

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While private home arrangements managed, rentals of office space moved by 1.7 every penny in the last quarter of 2014, and by 9.8 each penny for the whole of 2014, according to URA data.

Ms Lynette Leong, Chief Executive Officer of Capitacommercial Trust Management said to TODAY that "The business part is looking incredible as supply is tight not long from now, so the rising in rentals will move ahead with."

She incorporated that prime office rents expanded by 15 each penny in 2014 and would continue moving in the nearing year.

Rents may pacify notwithstanding, with an approaching supply of office space all through the accompanying few years.

According to land dealer Knight Frank, a normal 1.15 million sq ft of new office space will be open in the not all that far off future, moving to 1.6 million and 4.7 million sq ft, in 2016 and 2017 separately.

Taken from ST Property

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Guest Monday, 13 July 2020