Skip to main content Skip to footer

Office market expected to turnaround in H2 2021 | Office Q2 2021

Download Report
Colliers Research, Quarterly Report, Office Rents, Office Investments
By Shirley Wong

CBD Grade A rents stabilised further in Q2 2021, declining only 0.1% QOQ to SGD9.52 per sq ft, despite negative net absorption resulting in higher vacancy.

Report highlights:

  • CBD Grade A rents stabilised further in Q2 2021, declining only 0.1% QOQ to SGD9.52 per sq ft;

  • We maintain our positive outlook in the office sector and rent forecast to rebound 2.1% by end-2021, supported by strong economic growth and potential Covid easing measures;

  • Office demand to continue being driven by the Technology sector;

  • Key flexible workplace operators to continue their expansion at a modest pace;

  • Total office or mixed office investment volumes rose 51.5% YOY to SGD1.3 billion in Q2 2021 despite heightened COVID-19 measures;

  • Long term capital value growth of 3.0% p.a. expected
     

Download Colliers' latest quarterly report on the office market as we examine the shifting trends and outlook, with expert recommendations for office occupiers and investors.

Colliers Research, Quarterly Report, Office Rents, Office Investments

Office market expected to turnaround in H2 2021 | Office Q2 2021

Download Report
Related Experts
June Chua | Colliers | Singapore

June Chua

Executive Director & Head of Tenant Representation

Tenant Representation

Singapore

+65 6531 8653
+65 9668 2033
Email

June  heads up the Office Services team in Singapore, and is responsible for ensuring the  team's delivery of quality real estate advice and the execution of leasing transactions across the office and industrial markets.

June has 30 years of office and industrial leasing experience in Singapore, and has provided strategic advice to numerous MNCs  on their real estate requirements to meet the mid to long term business needs. She is equally well-versed in project marketing assignments, and has assisted various landlord clients to position their property to secure the optimal tenant mix for their properties.

 

View expert
LingWei Kong | Colliers | Singapore

LingWei Kong

Senior Director

Capital Markets & Investment Services

Singapore

+65 6531 8657
+65 9711 2913
Email

Lingwei has over thirteen years’ experience in the real estate sector and vast market knowledge of both APAC and EMEA markets (Capital & Leasing Markets). LingWei worked in Paris, London and currently in Singapore. 

LingWei  provides strategic investment advisory and brokerage services to clients, focusing on investment-grade properties. She  provides the best  strategic solutions and advice to clients so that they can maximise all real estate investment opportunities in Singapore.

Prior to joining Colliers Singapore, LingWei worked in the JLL  Asia Capital Markets team (based in Singapore) and led the Capital Markets Core Client Program.Through this program, Lingwei worked with wider team to create and share client insights and developed effective account plans.The program covered 35 top regional clients with combined AUM over USD217 billion, clients including Allianz, ARA, Blackstone, Brookfield, Nuveen, PGIM and others. Lingwei facilitated personalised and intelligent client conversations, and ultimately won more business and growing share of wallet with these core clients. Lingwei also looked after the Singapore capital who is actively looking for investment opportunities outside the AP region.

View expert
KengChiam Tan | Colliers | Singapore

KengChiam Tan

Executive Director & Head

Valuation & Advisory Services

Singapore

+65 6531 8570
Email

Keng Chiam has been in the valuation and advisory practice that span over 30 years. He has vast experience providing quality advice to clients of important real estate activities ranging from acquisition and disposal, merger and acquisitions, feasibility studies, etc. He had acted as an expert for clients in contentious, high-profile dispute resolution cases.

He is currently leading the valuation and advisory services, hotel and leisure and the consultancy divisions within Colliers. In addition, he will be setting up the business valuation within the firm to provide clients with a comprehensive suite of advisory services.

View expert