25 Jun '13, 12pm

Going down: Singapore prime office space prices fall 16.3%

Jun 25, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share Prices of prime office space in Singapore fell the most anywhere in the world during the 12 months ending March 2013, according to new data from CBRE. Although Asia dominates the list of most expensive office locations, the price of prime Grade A office space in the city-state dropped 16.3 percent as a result of an increase in supply and increased availability at the lower end of the market. CBRE noted that the bulk of the rental decline occurred in early 2012, with only minimal rental corrections in the second half of 2012 and in Q1 2013. Asia is home to the world’s most expensive office locations as Hong Kong-Central remained the highest priced market, and four other Asian markets populated the top five, according to CBRE Global Research and Consulting’s semi-annual Prime Office Occupancy Costs ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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