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Singapore Office market - Q2

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Singapore Office market - Q2

Prime grade (Grade A + and A) office rents in Raffles Place/Marina Bay decreased by 3.4% quarter-on-quarter (q-o-q) in Q2 2016, marking its fifth consecutive decline. Amid weakening economic growth and cautious business sentiment, prime office rentals are expected to decline by 9% to 12% year-on-year (y-o-y) by Q4 2016.

Source : Knight Frank

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