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The Future of CBD Office

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Singapore CBD

Mixed-use developments to underpin transformation of the Central Business District into a place to live, work and play.


The CBD Incentive Scheme and Strategic Development Incentive (SDI) schemes are both part of the URA Master Plan 2019, with an aim to transform a mostly commercial downtown of today into a mixed-use downtown of tomorrow.

By blending two or more land uses such as residential, office, retail and hospitality, mixed-use developments not only allow for greater convenience and reduced commute time for occupiers, they also offer potentially higher blended rents and capital values than pure office buildings, while diversifying risks for investors.

Colliers identifies over 20 buildings of million sq ft of office space that may qualify for the CBD Incentive Scheme in the Shenton Way/Tanjong Pagar district. Download this Flash report to find out Colliers' forecast and recommendations for the office property and investment sales sectors in Singapore.


Singapore CBD

The Future of CBD Office

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Rick Thomas

Managing Director | Asia

Emerging Markets

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As Managing Director of Emerging Markets, I am responsible for expanding Colliers’ client base and identifying new business and opportunities for cross-border collaboration in partnership with the Managing Directors of our emerging markets businesses. Our emerging markets portfolio includes operations in Indonesia, Kazakhstan, Korea, Myanmar, Pakistan, Philippines, Taiwan, Thailand and Vietnam.

 

Based in Singapore, I have over 22 years of experience in the commercial real estate industry.

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WeiLeng Tang

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WeiLeng is the Managing Director | Head of Capital Markets in Singapore and is responsible for the growth of Colliers' Capital Markets & Investment Services team. An exceptional leader of great entrepreneurial spirit, WeiLeng possesses strong capital markets expertise and proven track records. She is adept in advisory and brokerage, as well as principal real estate. With more than 25 years of experience in the real estate industry, she excels in building deep client relationships and extensive industry network. ‚Äč

WeiLeng has a strong collaborative culture and regional outlook, which enables her to fully connect Colliers Singapore to our other businesses within Asia Pacific and across the global platform. It creates added value for clients who now demand highly effective solutions spanning from country to country.

Capital Markets is her expertise. Her first foray into real estate began nearly three decades ago when she was headhunted by government service. She has since accumulated a wealth of experience in selling buildings, hotels and development land. She sold her first office building at 20 Malacca Street at Raffles Place – just barely one year into her new role. That same relentlessness saw her through many more deals, some bigger, others smaller. Over the years, she has developed an excellent network and invested in strong relationships.

She often gets the question, "What drives you?", which she usually answers, "the inexplicable joy I see on my clients' face when I close a deal!" By building trusted relationships, she has successfully entered into joint ventures with both CapitaLand and City Developments Limited (CDL), during her stint on the buy-side with Wells Fargo (then Wachovia Real Estate).

Having three daughters of her own that are coming of age, she understands her people's aspirations and recognises the acceleration of success of her people as one of her key focuses, where she mentors and nurtures them in becoming the next generation of leaders.

Colliers has given her tremendous space to accelerate her success, and she would like to accelerate yours too. Connect with her today!

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