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Taking references from Busines Times, dated 20 Oct 2022, here are some pointers on the latest office market situation in Singapore.

1. Rental of Grade A office maintains a strong trajectory due to increase in demand and contraction in vacancy rates.
2. Grade A CBD office rent is forecast to grow at 3% for last quarter 2022 and increase at 2% for 2023.
3. Grade A CBD office rent experienced the highest growth in a quarter since 4th quarter 2019.
4. Vacancy rates contracted by 1.2 percentage to 5.6 per cent.

Office Units Available For Sale are Getting HOT!

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