Office revamp in S'pore offers high returns

SINGAPORE has emerged fourth in a recent report that found that the city-state offers investors some of the most attractive returns for minor office building refurbishment investments at 7.53 per cent.

It is one of the top three Asian cities in the ranking, with Shanghai beating it to third place and Hong Kong, which ranked seventh.

The report, done by Arcadis - a leading global asset design and consultancy firm - considers both major and minor refurbishment projects in 15 cities across the world and ranks them by the best expected net rental income return.