Growth forecast in Asia office rentals
Singapore - Major office markets in Asia are forecast to see rental growth this year with the pace of growth varying from city to city, property analysts said on Wednesday.
Cushman & Wakefield said about half the cities checked, including Bangkok, Singapore, Beijing, Shanghai, Chengdu, New Delhi, Mumbai and Kuala Lumpur, are expected to see slowing rental growth.
In contrast, Hong Kong, Taipei, Bangalore, Seoul and Ho Chi Minh City are still seeing accelerating rental growths.
"Across the board, we still see positive demand for office markets across Asia," said Megan Walters, director of research at the firm.
"But obviously the problems in the financial markets in the US have not been played out yet," Walters said. (dpa)
Business News:
Regions:
