Mar
14
Singapore Office Rents May See Prolonged Declines, Says Daiwa
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The Singapore financial district.
Photographer: Roslan Rahman/AFP via Getty Images
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Rents for prime office may fall as much as 25% through 2018
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2018 to be a highly risky year for renewals, Daiwa says
Singapore office rents may decline as much as 25 percent in a prolonged slump that may last until the end of 2018, as demand slows, according to Daiwa Securities Co.
Daiwa expects 2018 to be a highly risky year for lease renewals and forecasts that rents will continue to fall until then, David Lum, an analyst at the brokerage said in a note to clients. Lum forecasts a 25 percent drop in rents from the peak in the first quarter of 2015 through the fourth quarter of 2018, while predicting office values will slide 14 percent during the same period…
Singapore Office Rents May See Prolonged Declines, Says Daiwa
