Summary: Singapore was the fastest growing economy in the world in 2010. This fact is reflected in its very active real estate market, where many office occupiers have expanded their operations and/or upgraded to new office space. With vacancy rates low, there is constant upward pressure on rent levels. Over the next four years, however, some eight million sq. ft. of new space will be delivered to the market. Should we be alarmed by this elevated development pipeline? Will the new supply ease the pressure on rents? Petra Blazkova and Nick Axford discuss the outlook for the Singapore market.
