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The impact of the Covid-19 outbreak on Singapore's central business district (CBD) Grade A office rents was not yet apparent in the first quarter this year, as rents and capital values remained flat, while vacancy tightened. This is according to research by Colliers International, released on Tuesday.
On average, CBD Grade A rent was unchanged quarter on quarter (q-o-q) at S$10.09 per square foot per month (psf pm), and rose 4.7 per cent year on year.
Freshest Property News from Singapore
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- COVID-19 Solidarity Budget: Bill to ensure landlords pass on property tax rebates to tenants
- Boustead flags potential project delays; 4 cases from Seletar cluster discharged
- City Developments to commit $17m in rebates
- Suntec City waives rents for all tenants in April
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- All adult Singaporeans will receive $600 in cash support
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Previous news selection
PropNex rolls out S$30m plan to help agents tide over 'circuit breaker' closure period
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About Agent.sg Daily Property News Selection
Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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