The latest real estate statistics published by URA suggest that existing trends in the office and retail markets are continuing, influenced by flight-to-quality trends for offices to resilient retailer demand for suburban malls. In the office market, the pipeline of new supply has dwindled due to the absence of land for development in the Central Business District (CBD). As business weighed expansion moves against relocation costs, occupier behaviour leaned towards stability over expansion. Meanwhile, global instability over the first six months of this year turned out to be a double-edged sword. While it prompted corporate real estate tenants to tread cautiously, it also bolstered Singapore’s position as a safe-haven business hub, attracting multinational occupiers seeking a stable regional base away from conflict zones. Traditionally, financial services occupiers have been, and are expected to remain, a key source of Grade A office demand. But the proliferation of Artificial Intelligence (AI) firms and...