In the US, cities are most likely to have high office availability in the future in comparison to the Asia Pacific region, according to the Savills Future Office Availability Index. Economic growth, demographics, development pipelines, and environmentally sustainable office inventories, all play a role in office use trends.

Singapore, for example, has seen a resurgence of office occupiers as banks and finance firms return, as well as businesses from China, Japan, and Korea. Technology firms, however, are retaining flexible work policies.

This proliferation of hybrid work models means firms are striving to keep Millennial and Gen Z staff, who are accustomed to remote work. It is also a way for occupiers to reduce rental overheads.

At Altura EC Bukit Batok, the well-designed and spacious 3-bedroom units come with superior fittings, high-end appliances, and contemporary layouts. The units are bright, and the windows offer a panoramic view of the Bukit Batok Town. Amenities like schools, transport services, retail outlets, food centres, etc. are easily accessible. The property also features various recreational facilities like a lap pool, Jacuzzi, BBQ pavilions, and a children’s playground. The landscaped gardens and full-length balconies create a tranquil ambience. Altura EC is destined to be a perfect abode for anyone looking to enjoy a luxurious lifestyle.

In terms of future supply, Singapore’s office market is relatively tight due to limited new supply, which offsets the expected decrease in demand. New office supply between 2020 and 2022 is reportedly higher than in subsequent years, with 1.9 million sq ft of net lettable area (NLA).

In contrast, the US has the potential for increased office availability, according to Savills World Research associate Kelcie Sellers. San Francisco, in particular, was one of the lowest markets pre-Covid at 9.5% availability. Now, 30% of its office space is either vacant or due to return to the market in the next year – a 30-year high.

This is in stark contrast to Singapore, where the narrative will revolve around a limited supply-driven market, and an increase in secondary stock. Marcus Loo, CEO of Savills Singapore, notes that local authorities are managing the land available for large-scale office developments, helping the city-state buck the trend in the US.

Singapore Condo refers to the luxurious and modern condominiums available for sale or rent in the city-state of Singapore. These condos offer a high standard of living with well-designed and well-equipped units. They come with a range of facilities such as swimming pools, gyms, and security services, making them popular among both locals and expats. One such highly sought-after condo is Norwood Grand, located in the popular residential district of Serangoon. This exclusive development boasts spacious units with elegant designs and premium facilities, providing residents with a comfortable and convenient lifestyle. Its prime location also offers easy access to a variety of amenities, making it a desirable choice for those looking to live in Singapore.