The tech effect in the real estate market in Singapore
The local office market will see tech occupiers increasingly take up space, in addition to the expanding business and financial service occupiers.
Singapore
I'VE been working in Singapore's commercial real estate market for more than two decades, and while the cityscape has changed over the years, one thing remains consistent: Singapore's constant innovation and reinvention. As the hub for transport and trade in the region, its pro-business environment and infrastructure continues to attract international business relocations - and increasingly, tech firms.
With lingering memories of the dot-com boom, then bust, some building owners are wondering if the fast-expanding tech market will eventually leave vacant space in their buildings. But we think tech is here to stay in Singapore.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand