Location can continue to drive price premium for CBD offices, prime area homes

SINGAPORE’S suburbs have transformed over recent years. Places such as Jurong and Tampines have become high-quality live, work and play destinations.

Will the pricing premium enjoyed by the traditional prime areas such as the Central Business District (CBD) for offices and districts 9, 10 and 11 for homes erode and possibly even disappear?

In the office market, great work spaces that are conducive to co-creating ideas can be developed in the suburbs. For example, expect high-quality work spaces to come up at Punggol Digital District, which will progressively open from 2024.