The Great Singapore Office Sale: what’s driving the surge in deal activity in the office market?
Lower interest rates are helping to fuel a resurgence in Singapore office investment sales. But will there be takers for all these chunky deal sizes?
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[SINGAPORE] Lower interest rates, tight office supply in the Republic’s Central Business District (CBD) and pent-up demand from investors armed with dry powder have helped to fuel a resurgence in Singapore office deals since the second half of last year.
Including the S$2.48 billion sale of Asia Square Tower 2 announced on Monday (Apr 20), the tally for office investment sales in the city-state has reached S$10.74 billion in the year to date.
This figure from JLL Research, as at Monday, is 2.7 times the S$4 billion for the whole of 2025, which was a three-year high.
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