>

>

Post-pandemic, Singapore offices likely to face pressure to de-densify: JLL

By Charlene Chin

/ EdgeProp Singapore |

June 15, 2021 6:25 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

SINGAPORE (EDGEPROP) - Post-pandemic, global business hubs like Singapore, Hong Kong and London that operated in a high density environment of less than 10 sqm per person will likely face pressures to de-densify, highlights JLL in a latest report. (See also: Central region office rents and prices fall 8.5% and 10.7% respectively in 2020)

The same pressure is likely also to apply to business process outsourcing destinations like Manila and Bengaluru, where business imperatives and intense usage of space have driven densities to as low as 7 sqm per person, as well as emerging hubs like Jakarta and Mumbai, which provide business services for large and growing national markets with densities from 9 to 11 sqm per person.

“Occupiers in Singapore should give due consideration to office de-densification when designing their workplaces, given that two-fifth of Singapore’s employees surveyed by JLL are expecting a less dense work environment in the future,” comments Tay Huey Ying, head of research & consultancy, JLL Singapore.

As cities recover from the pandemic, offices are expected to return to the CBD with more efficient and productive work spaces that reflect a high standard of health and wellness, it added.

“Metrics that measure human experience are becoming increasingly important to businesses and cities,” says Jeremy Kelly, lead director, global cities research, JLL.

“As we move into the next cycle of recovery, we expect offices in Central Business Districts will again become social and business hubs, adapting to accommodate the way people want to work and live in the future.”

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

GuocoLand's Lentor Mansion achieves 75% sales at launch; prices from $2,104 psf

4

Far East Shopping Centre’s $908 mil en bloc deal aborted

5

Luxury living in the new heart of Bukit Timah

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00