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Grade B offices at Shenton Way/Robinson Road/Tanjong Pagar led the decline.
This chart from EDMUND TIE showed that all the various subzones in the office sector posted QoQ declines in monthly average rental rates in Q2.
Within the CBD, Grade B offices at Shenton Way/Robinson Road/Tanjong Pagar showed the greatest rental contraction of 2% QoQ. Older office developments in this subzone did not hold up so well as tenants relocated to more efficient and better quality buildings.
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Previous news selection
Four-room BTO flats in Geylang 14 times oversubscribed; highest application rate in recent years
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About Agent.sg Daily Property News Selection
Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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