Singapore office rents pegged to rise 6-10% in 2014

On back of improving demand outlook.

According to UOB KayHian, it expects office rents to rise 6-10% yoy in 2014, after bottoming in 3Q13, on the back of reduced supply and improving demand outlook

Here's more:

Office segment is the bright spot with office REITs reporting revaluation gains of S$150m-390m in 2013, largely on improving rental outlook.

Ho Bee reported revaluation gains of S$490m upon TOP of The Metropolis project. Occupancies remained strong with office REITs reporting occupancies of 99-100%, while The Metropolis is over 92% pre-committed.

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