Colliers Quarterly - SG Office Q1 2018 25 April 2018
Sharly higher rent growth herald a sea change from the soft market conditions of 2015-2017. We view the Singapore office market as the strongest income-growth opportunity within Asia for investors, with the potential to achieve up to 20% rental growth over 2018-19. Firm economic momentum, bolstered by synchronized growth across office-using sectors, should elevate prime office rents by 10% to 12% over 2018, and by 5%-7% over 2019.
As the market turns up and vacancy tightens, we recommend occupiers to bring forward impending lease reviews.
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