He added that frequently, the Singapore company market “has been very resilient and steady ” over the past few years.
More than 2 The Singapore company business will soon experience 4 million more advanced office space, with construction on tasks like the IOI Central Boulevard Towers and Labrador Towers set to begin this time.
Because there is still a lot of demand for Grade A office space, according to observers, this increased source is unlikely to cause book prices to rise.
Singapore, with its beneficial business environment, excellent management, and quick access to talent, remains a common location for businesses as a gateway to obtain the fast growing Southeast Asia market.
Despite the amount of source that is in, specifically for this year, I still have some optimism in the market, ” said Mr. Sim.
Singapore appears to be a pole for what we call success control, which is the cause. Additionally, Singapore seems to be more advantageous to the growth of Southeast Asia because businesses typically prefer to have Singapore as their regional ( headquarter ). ”
According to industry watchers, rents may be higher for more as demand declines after this year and increases until 2028.