OCTOBER 2012 - DURATION: 08:04
Petra Blazkova, Head of Singapore Research, CBRE
Petra Blazkova looks at Singapore, where economic output—particularly manufacturing—has slowed over the past six months and the mood has turned more cautious. Despite the economic slowdown, Singapore’s office market has been fairly resilient, with demand positive over the last quarter. This is likely a short-term phenomenon, however; and going forward, new supply could exceed current demand, affecting rental levels.