Historically, demand in Singapore’s office market is shaped by a trait among corporate occupiers to move into the newest and most premium office spaces when they become available. This flight-to-quality continues to shape the office market over the first three months of this year. In 1Q2026, Central Business District (CBD) Grade A office rents reached $11.36 psf per month (pm), which is a quarterly increase of 1.4%. This is based on gross effective rents across a basket of Grade A office buildings located in Marina Bay, Raffles Place, Shentown Way, Tanjong Pagar, City Hall, Orchard Road, and Bugis – and compiled by Cushman & Wakefield (C&W). The latest quarterly statistics on the office market were also released by URA on April 24. The rental index of the Central Region increased 0.2% q-o-q, after five consecutive quarters of decline. This saw the median office rent increase to $2,230 psf in 1Q2026, from $2,169 psf in 4Q2026. New office completions are expected to remain limited from now until 2027,...