More retail and hospitality space being converted to office use
Cinemas are also being used for power naps, nightclubs as dining spots and lunch venues as dance studios
Singapore
THE blurring of lines between property asset classes to optimise the use of real estate will become more commonplace, especially for retail and hospitality landlords whose properties face steep challenges because of Covid-19.
Property consultants expect more owners of retail properties to obtain planning permission from the authorities to convert part of their premises to office use, amid the lower footfall and sales faced by retail operators.
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.
