Singapore office rents projected to rise 23% in 2019

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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.

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