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Trouble is brewing in Singapore's prime office market

Thread starter dancingshoes
Start date Oct 6, 2015

dancingshoes

Alfrescian

Loyal

Oct 6, 2015

To make matters worse, the CBD will also be inundated with new supply in coming quarters. Anticipated completions include buildings such as Marina One Offices and Guoco Tower, which are likely to obtain their Temporary Occupation Permits (TOP) in 2016.

"Together with space consolidation efforts by financial institutions, office vacancy is likely to increase within the subsequent two to three quarters, leading to a possible moderation in rental growth," said the report.

http://www.msn.com/en-sg/money/home...rime-office-market/ar-AAf6U9u?ocid=spartandhp

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