During the third term of 2013, office rent prices in the Singapore Central Business District dropped. This is the first time rents have fallen since 2013, said two sources with regards to Parc Riviera recently.

The average gross rent (pcm) in Marina Bay dropped by 5.5% from the second term of the year. It fell to $13 per square ft. The rents in Raffles Place also dropped by 3.4% to $10.45 psf, according to a property specialist.

The trend continued on the edges of the city, in areas like Beach Road, Anson Road, and Orchard Road – rents fell in these areas by 2.1% to $8.25 psf.

West Coast Vale Condo

Now, renting rewards have been boosted by landlords looking to keep old tenants and draw in new ones – more incentives to lease have been offered for EL Development West Coast Vale Condo, in a bid to maintain and …