JLL: Singapore Grade A office rents up in 1Q15
Jones Lang LaSalle IP noted in its Office Index report for 1Q15 that office rents in Singapore’s CBD were USD806 per square metre per annum. This represents an increase in SGD terms of 1.2% q-o-q and 11.7% year-on-year. Capital values (USD19,184 per square metre) are unchanged q-o-q and up 0.5% y-o-y. As of 1Q15, Singapore has the fourth most expensive office space in the Asia-Pacific.
Source : 31 March 2015/JLL/Singapore/OFF