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Singapore office rents seen rising twice as fast as Hong Kong

Property

Singapore office rents seen rising twice as fast as Hong Kong

Bloomberg Published on Mon, Jan 22, 2018 / 8:14 AM GMT+8

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SINGAPORE (Jan 22): Singapore office rents are set to post the biggest gains among Asian cities as an increase in demand runs into moderating supply, according to Cushman & Wakefield Inc.

Office rents in all major Asian cities, with the exception of Tokyo, are set to rise over the next two years, according to forecasts from Cushman. Singapore will lead the pack, with rents forecast to surge 25%, more than double the 12% growth forecast in Hong Kong’s central business district.

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