November 2014 Singapore | Hong Kong The Office A review of the Singapore office market Demand still healthy Supply tightening Rents firming Index Page 02 Super Savers: $3.00 - $5.00 psf Demand 03 Premium Office Space: $10.00 - $14.00 psf 04 Economy Range: $5.00 - $6.00 psf Rentals 05 Lower Mid-Range: $6.00 - $7.00+ psf Rental History 06 Mid-Range: $7.50 - $8.00 psf Supply / Market Forecast Centennial Tower 07 Upper Mid-Range: $8.00 - $9.00 psf Useful Contacts 08 Rental Guide - Summary of Asking Rates Senior Rentals Team Corporate Locations (S) Pte Ltd License No. L3010044A T +65 6320 8355 /
[email protected] / www.corporatelocations.com.sg SUPER SAVERS: Business / Commercial Space $3.00 - $5.00 psf 02 *All rents quoted are estimated target effective rates subject to negotiations and are not the landlords quoted figure Qualification for Business Space East up to $4.00 psf Important Note: to qualify for business space, tenants must be involved with software development, research and development, datacenter management, design functions or customer support services. For industrial space a 60:40 ruling applies where 60% of the space must be used for industrial purposes and 40% can be used for offices. If in doubt checks should be made through the URA providing detailed information of $3.50 - $3.70 psf* $4.00 psf* $3.20 psf* $3.00 psf* your specific operations and use of Units from 1,584 – 27,943 sq ft Units from 2,357 – 8,908 sq ft Units from 1,130 – 52,743 sq ft Units from 1,807 – 12,165 sq ft the premises.