“Singapore’s property market has largely turned the corner, underpinned by a brightening economic outlook,” Tay Huey Ying, head of research & consultancy at JLL Singapore said. Residential and Grade A office assets are poised to remain investor favorites for the rest of 2017 and 2018, she said.
Brokers including Cushman and CBRE Group Inc. predict office rents will climb 7 percent to 9 percent as an oversupply of space eases.
More on this story from Bloomberg Singapore News