So much for work from home.
Bloomberg - 26 Jun 2023, 4:29pm
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Singapore stands out as vacant skyscrapers in metropolises from New York to Hong Kong struggle to lure new tenants. (AP pic)
SINGAPORE: Singapore’s office towers are defying a global slowdown in commercial real estate, in a sign of the Asian hub’s continuing appeal.
Prime office rents in the city-state increased 2.5% in the first half of 2023. The overall occupancy level in the central business district in the second quarter reached 94.4%, edging up from the previous quarter, according to a report from Knight Frank Singapore.
Singapore skyscrapers defy global commercial downturn
Prime office rentals increased by 2.5%, while CBD occupancy reached 94.4% in the first half of 2023.Bloomberg - 26 Jun 2023, 4:29pm
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Singapore stands out as vacant skyscrapers in metropolises from New York to Hong Kong struggle to lure new tenants. (AP pic)
SINGAPORE: Singapore’s office towers are defying a global slowdown in commercial real estate, in a sign of the Asian hub’s continuing appeal.
Prime office rents in the city-state increased 2.5% in the first half of 2023. The overall occupancy level in the central business district in the second quarter reached 94.4%, edging up from the previous quarter, according to a report from Knight Frank Singapore.
