Savills' new MD sees 10% rental growth for AAA office buildings

Mr Marcus Loo takes over as Savills Singapore managing director after being executive director for close to three years.
Mr Marcus Loo takes over as Savills Singapore managing director after being executive director for close to three years.

Bells are ringing for landlords amid a shortage in supply in the core Central Business District area and increased demand from various industry groups, Savills Singapore's new managing director Marcus Loo told The Business Times last week.

He added that the global real estate service provider, which is listed on the London Stock Exchange, forecasts rental growth for AAA-grade office buildings to more than double to 10 per cent this year.

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A version of this article appeared in the print edition of The Straits Times on March 05, 2018, with the headline 'Savills' new MD sees 10% rental growth for AAA office buildings'. Print Edition | Subscribe