pstrongDemand only grew 1% since 2019./strong/p pDemand for flexible workspace in Singapore has increased by only 1% since 2019, indicating a stagnant market.
Demand for flexible workspace in Singapore has increased by only 1% since 2019, indicating a stagnant market.
"Occupiers are focused on controlling costs and driving for the best value for money from their assets. Companies in the finance, legal, shipping and tech sectors continue to focus on the CBD for their flexible office needs," The Instant Group reported. In Suntec, the report explained that heightened demand for flexible space and a supply shortage are driving rates upwards. The desk rate in Suntec has risen 24% since 2019, at $949.within Suntec"may also result in rent increases for flex operators during their renewal terms, which may also have a knock-on effect on desk rates."
Demand recovery drove rates up in One-north and Tampines, which saw rates grow by 2% to $661 and 6% to $599, respectively.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore-NZ partnership adds 'supply chains' focuspstrongThe partnership now has six pillars of collaboration./strong/p pSingapore and New Zealand are boosting their partnership to include negotiations on connecting supply chains. /p pSingapore Prime Minister Lee Hsien Loong announced this in a joint press conference with his counterpart a href="https://sbr.com.
Read more »
Luxury property market 'stable' despite GCB sales hitting record lowpstrongOnly 23 good class bungalows were sold in 2023, the lowest in 27 years./strong/p pThe luxury residential market in Singapore remains resilient amidst a notable drop in transactions, with prices showing growth, reports CBRE.
Read more »
Singapore's plan to raise retirement age sparks debatepstrongExperts see Singapore on track to setting retirement at 65 and re-employment at 70 by 2030./strong/p pIn six years’ time, Singapore is set to shelter one in four citizens aged 65 and older, with the majority of them expressing a desire to remain in the workforce.
Read more »
Singapore's tourism embraces $1 billion AI boostAI integration reshapes the local tourism landscape for efficiency and engagement. Singapore&039;s tourism industry is integrating artificial intelligence (AI) in its operations, following the recent Budget 2024 announcement that the country will invest over $1 billion in AI.
Read more »
Tcube: Driving Singapore's tourism industry forwardpemspanspanspanspanspanspanAs the tourism industry undergoes a digital evolution, businesses face a critical need for innovative solutions to meet evolving consumer demands. Explore how Tcube empowers businesses to navigate this transformative journey with confidence and success.
Read more »
Singapore's real estate draws global investorsSingapore stands as a highly favorable bet for global real estate investments with a stable yield for total returns. Singapore&039;s real estate market continues to draw global investors, driven by the country&039;s meticulous urban planning and transparent policies.
Read more »