Property consultants upbeat about Singapore office market in second half
They expect most firms to want their staff to return to their offices when pandemic is over
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
PROPERTY consultants are cautiously optimistic about prospects for the Singapore office market, at least in the second half of this year.
"While the first half of 2021 is expected to show the continued grappling of the pandemic, the latter half is expected to display better results," said CBRE's head of research for South-east Asia, Desmond Sim. "Should economic activity and business sentiment improve on the back of the vaccine roll-out, the office market is poised to benefit from employment gains," he added.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
