pstrongThis supported the increase in occupancy and rent of prime-grade offices./strong/p pSmaller international and regional banks have been sourcing for modest expansion space in Singapore amidst other global banks such as UBS and Standard Chartered, which reduced their headcounts, said Knight Frank.
Smaller international and regional banks have been sourcing for modest expansion space in Singapore amidst other global banks such as UBS and Standard Chartered, which reduced their headcounts, said Knight Frank.
“Key examples included San Francisco-based global human resource firm Deel and Japanese firm Exeo Global citing the city's strategic location to Asia Pacific markets as well as the substantial talent pool as favourable factors for establishing their new offices in Singapore,” read the report. As this happens, Knight Frank seeks to attract the best tenants seeking “flight-to-quality” moves through asset enhancement or redevelopment into a sustainable asset that “can position to capture the market upside when the business cycle turns.”
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