Fall In Grade A Office Rents

A report done by CBRE Research showed tt S'pore office rents in 4Q08 (yr-yr) had the sharpest fall in Asia. Her vacancy rate had also gone up to 0.9% fr 0.2% a yr ago. However, some tenants whose leases tt were committed 3 - 4yrs ago could still face with higher rents upon renewal this yr.

4Q08 (yr-yr) Grade A Office Rental:
SGP: -14%
Tokyo: -13.4%
HK: -13.2%
Hanoi: 25.6%
KL: 19.3%
Seoul: 9.5%

* Asia1-Office *