Singapore prime office rents hit a 15-year peak in Q1, defying global property downturn. Premium CBD space rents surged to S$11.42 ($8.48) per square foot, highest since 2008. Despite Western cities’ slump, Singapore’s market thrives due to office return and wealth boom. Vacancies dropped to 5.3%, but large occupier demand remains subdued. JLL predicts 1.5M sq ft of unsecured office space by 2025 amidst a surge in new constructions.
Nepal accident: 27 Indian tourists killed, 16 injured after bus falls into river
27 Indian tourists perish as bus plunges into Nepali river A tragic accident in Nepal led to the death of 27 Indian nationals, with 16