23 Jul '16, 11am

Opportunities amidst economic uncertainties for businesses in Singapore

E-mail to friend Bookmark & Share Amid economic uncertainties that continue to plague Singapore’s office market, tenants are being presented with opportunities. By Nikki De Guzman The sluggish economic conditions in Singapore and overseas, volatility in commodity and oil prices, and the increasingly cautious outlook among market players are just some of the reasons to which experts are attributing the continuous drop in office rents here. As more businesses move to consolidate offices in efforts to combat high occupancy costs, the market has seen vacancy rates surge with other developments struggling to secure tenants. Given the falling rental prices, opportunities to secure prime spaces at relatively lower costs have multiplied, benefitting not only new entrants but also those looking to move to newer office buildings. However, analysts say this is not necessarily a good ...

Full article: http://www.commercialguru.com.sg/property-management-news...

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