Office rents in Singapore’s core central business district (CBD) region is expected to rise by 23% in 2019, according to figures published by DBS.
The market is also projected to see rental reversions in 2020-21, and this will bode well for REITs with a strong presence in the area, especially CapitaLand Commercial Trust (CCT).
According to DBS, office rents in Singapore’s CBD has risen for seven consecutive quarters.
To read the full article, please login or sign-up for a free 25-day trial here.
