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SINGAPORE PROPERTY

Office rents fall in Q3 amid cutbacks, work-from-home ops

But construction disruption to spread out 2022 new supply

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The amount of occupied office space decreased by 19,000 sq m of net lettable area in Q3, versus a bigger drop of 55,000 sq m in Q2.

Singapore

THE pandemic took its toll on office rents in the third quarter as souring business sentiment and a weaker labour market prompted rentals of office space to decline 4.5 per cent quarter-on-quarter for the Central Region after holding steady in the previous quarter.

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