With the positive growth in out economy for the past 2 quarters, the property market had also responded in the similar positive manner. The private residential sector is the first to react and the prices will soar even further.
Office space rental is now feeling the ripples effect of the upswing, hence prime locations office units are expected to increase their rental as well. Prime units charging $4psf are expected to increase by double to $8psf (according to the report by Savills Research, ST 16 Feb 06), which is still lower then $12psf in 1996.
With this positive signal, it's good news for me as I am into office rental. Looking forward tio more good Business!
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