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Strong outlook for Singapore office sector in medium term

Supported by strong demand fundamentals in the longer term and with competition for space likely to intensify, the commercial real estate sector remains a compelling opportunity.

Singapore's growing status as an innovation hub is expected to attract more technology- based companies. On the supply side, the pipeline of prime office spaces is expected to taper off after 2019. This will likely lend support to an uptick in rents and capital values even as demand increases and the current oversupply in the market becomes absorbed.

SINGAPORE has not been immune to the slowing economic conditions that have permeated globally over the past year, with a softening across many of its sectors, including commercial real estate (CRE). The CRE sector here has been a strong growth sector for several years. Indeed, the government's