CNA938 Rewind - Singapore office rents climb as vacancy hits record low

Singapore’s office market is tightening fast, with vacancy rates plunging to a record low of around 3.3% in Q1 and rents extending their growth streak. Limited new supply and sustained demand – particularly for premium Grade A spaces in the CBD – are giving landlords the upper hand, even as rental growth moderates slightly from last year’s pace. Andrea Heng and Hairianto Diman find out more with Tridiana Ong, Executive Director and Head, Occupier Strategy and Solutions, Knight Frank Singapore