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Singapore slips to 4th in regional office rent survey

Tuesday 04 August 2009

Plunging rents in the second quarter have seen Singapore slip from being the region’s most expensive city for office space to fourth place.

Office rents fell 26.2 per cent from the first quarter, according to Colliers International’s new Asia Pacific Office Market Overview.

It was the biggest decline in the region, with Hong Kong next, with a fall of 10.3 per cent.

Tokyo is the priciest, with Hong Kong and Ho Chi Minh City second and third, respectively.

Source: The Straits Times