I was invited as a panelist at the recent REITs Symposium and one of the questions stuck with me, it was about the future of office spaces in Singapore.
Before, I was more bearish on office spaces, given that the work-from-home (WFH) phenomenon is challenging the notion of office work. I shared this bearishness during the FB Live with SGX where I also stated that I was bullish on retail.
However, the recent news of Chinese companies setting up Asia Pacific HQ in Singapore is giving me second thoughts about the office space situation in Singapore. (Credits to Jonathan, fellow panelist at REIT Symposium and Director, Research at UOB Kay Hian)
Not all offices are the same – Grade A offices
The “office” sector covers a wide genre of properties. In this post, I’ll focus on Grade A offices in Singapore.
Tenants of Grade A office are usually multi-national companies (MNCs),