Prices of Grade A offices climbed 4.6% to $2,667psf

It's been rising for 2 consecutive quarters.

According to Savills, even as investment activity in the office sector moderated in Q1/2013,  record prices have been achieved. 

Buoyant take-up of newly launched strata office units, such as SBF Center on Robinson Road, reignited buying interest in the market and drove up prices of older projects.

Here's more from Savills:

Caveats showed that the whole 20/F and a unit on the 15/F of Suntec City Tower 2 were sold at S$2,750 per sq ft of strata area.

This is the third highest unit price for Suntec City Towers since 2011. In addition, a unit on the 13/F of Samsung Hub was transacted at S$3,150 per sq ft in March, setting another new high.

Therefore, capital values of Grade A offices continued to climb for the second successive quarter, up 4.6% QoQ to S$2,667 per sq ft in Q1/2013.