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
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Retail units at 20 Cecil Street for sale from S$3.8 million
HDB launches Pasir Ris executive condominium site for tender
China property stocks gauge jumps on proposal for home purchases
ESR eyes fourth data centre in Japan
No quick fix for Australia’s housing shortage, warns RBA
China mulls government purchases of unsold homes to ease glut