Based on research on the Singapore office market by Cushman & Wakefield, rents have grown 3.4% on a quarterly basis to S$9.2 psf per month. This was supported by Singapore’s economy growing 5.2% in 3Q2017 compared to the same period last year. This is higher than 2Q2017’s growth of 2.9% compared to the same period last year. A further look into the components of GDP growth show that the finance & insurance sector grew 5.9%, driving the country’s overall GDP growth. The office market is now in the landlord’s favour with newly completed projects enjoying high occupancy rates. Major market moves in the recent quarter include cosmetics firm Shiseido leasing 43,000 sqft at Frasers Tower at Cecil Street. The building will have a pre-commitment rate of 40% after Shiseido’s move. In the coworking segment, WeWork continued their expansion by leasing 60,000 sqft at 71 Robinson Road and 40,000 sqft at ......