29 May '17, 2am

The growth is in line with a marked rise in "flexible working environments" in the Asia-Pacific. #realestate

The growth is in line with a marked rise in "flexible working environments" in the Asia-Pacific. #realestate

COWORKING spaces are set to multiply across Singapore in the near term and become a real estate asset class. While there are already more than 50 such spaces here, observers point to a young, still-growing and competitive market as new types of coworking operators emerge and existing ones launch new spaces. Homegrown operator JustCo, for instance, is slated to open two branches at the recently-completed UIC Building and the upcoming Marina One in 2017. Chinese coworking operator Distrii will launch a space at Republic Plaza in 2018 in what is its first international foray. The growth is in line with a marked rise in "flexible working environments" in the Asia-Pacific, a region where demand for coworking spaces will expand at an average rate of 10 to 15 per cent annually, according to an April coworking report by Cushman & Wakefield and CoreNet Global. Observers said that t...

Full article: https://www.srx.com.sg/singapore-property-news/37072/co-w...

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