PROPERTY MARKET STATISTICS

SINGAPORE - Offices Rental Indices by Area (from 1990)

(1998Q4 = 100)

Source: REALIS by Urban Redevelopment Authority

The data for the median rent and rental indices of office and shop space are obtained from Inland Revenue Authority of Singapore (IRAS).   Rent refers to gross rent per month inclusive of service charge. An overall rental index for office and shop space as well as sub-indices by locality are given in this publication.  The grouping of the areas are determined by the concentration of the particular type of property and the closeness in rental per sq m.As most of the office and shop space are concentrated in the Central Region, sub-indices for the outlying regions are not compiled.  Within the Central Region, the locality classification used which follow largely the planning areas are Central Area and Fringe Area.