Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Thursday, April 12, 2012

Singapore office rents fall up to 8.8%

SINGAPORE: Singapore office rents declined as much as 8.8% in some parts of the citystate in the first quarter, hurt by the weaker global economic outlook that led firms to hold back their expansion, real estate consultants Colliers International said.

The fall signals the downturn in the office rental market has worsened and Colliers expects more pressure on rents.

Office values held firm in the first quarter, however, as record low interest rates and measures to cool the residential market attracted buyers to the office sector.

By Reuters

No comments: