Singapore the clear winner as Southeast Asia's property markets look to emerge from Covid-19 slump
Singapore the clear winner as Southeast Asia's property markets look to emerge from Covid-19 slump was reported by EdgeProp Singapore on 7 February 2022.
Singapore’s commercial property market was expected to outperform the rest of Southeast Asia as the region emerged from the pandemic downturn. CBRE forecast that office lease prices in Singapore could increase by 10% in 2022.
Why this matters for Singapore commercial property
The forecast highlighted the resilience of Singapore’s business environment, limited prime office supply and recovering occupier demand. It also provided an important rental benchmark for companies planning office moves and investors assessing income growth.
Key takeaways
• Market: Singapore office market
• Region: Southeast Asia
• Forecast office rental growth: 10% in 2022
• Theme: Post-pandemic commercial property recovery
• News date: 7 February 2022
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Source: EdgeProp Singapore, 7 February 2022