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Dyson Lease Leads Singapore Offices Leasing Rebound in Q1

Mingtiandi Username Dyson is taking over Singapore’s colonial-era St James Power Station Office leasing in Singapore swung into positive territory during the initial quarter of 2021 for the first time since the year-earlier period, nudged by the addition of tech firm Dyson’s lease commitment at a converted colonial-era power plant, according to CBRE. Supported by tight vacancy in the core CBD market, the city-state also snapped a string of four straight quarters of rental declines as Grade A leasing rates held steady at S$10.40 ($7.73) per square foot per month in the first three months of the year, the global property consultancy said in a release.

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