By Joyce Teo

RENTALS of popular new prime Grade A office properties look set to bottom out as early as the second half of next year, while rentals of existing office buildings may touch bottom in a year's time, according to the latest report from Jones Lang LaSalle.

Its preliminary estimates show that the average gross effective rent of Grade A office properties in the core of the central business district reached $7.80 per sq ft per month in the fourth quarter, down 4.9 per cent from the third.

Rents in Singapore's office market have been falling as demand slows and supply grows.

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