Singapore office rents surged 10% in 4Q 2010

Boosted by robust occupier demand amid a buoyant economy, Singapore office rents grew the fastest in Asia Pacific.

According to Colliers International, in US currency terms, Singapore’s CBD Grade A office rents grew 10% quarter-on-quarter in 4Q 2010 – the highest growth rate among the 26 cities surveyed. It is boosted by the continued strengthening of the Singapore Dollar against the US Dollar and robust occupier demand.

In local currency terms, Singapore’s CBD Grade A office rents grew by a more moderate 7.5% QoQ, to S$7.91 per sq ft per month from S$7.36 per sq ft per month in the previous quarter. For the whole year, rents in this sector have grown by 24.5%.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley