Will Working From Home Change Real Estate Trends?
With 80% of Singapore’s workforce said to be working from home over the past two months, I would like to share my thoughts on the longer-term implications of the trend towards working from home (WFH). I will be touching on two main issues – firstly, the viability of working from home, with regard to office culture in Singapore, and secondly, the impact of working from home on commercial real estate, especially in the CBD and business parks.
To begin, I’d like to say that I firmly support the trend towards working from home. For me, the main benefits of working from home are the time saved without the daily rush hour commute and the increased flexibility. The lack of social interaction may be a concern, but I believe that these can be mitigated through socialising in the