Average rent at Marina Bay seen to surge 4% to $12.30 psf per month

That's by end of 2014.

According to Cushman & Wakefield, the average rent at Marina Bay is forecasted to edge up by more than 4.0% to S$12.30 psf/mo at the end of 2014.

Here's more:

The authorities expect the economy to achieve an expansion between 2.0% and 4.0% in 2014, and the country is well poised to weather possible high interest rates.

Future supply will push up vacancies temporarily; nonetheless it is unlikely to pose any downside risk to the current rental recovery. Positive leasing momentum is visible at South Beach, where over 100,000 sq of space is being negotiated.

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