Singapore Office Market Update Q1 2021

Research Date: Friday, 21 May 2021
Singapore Office Market Update Q1 2021 | KF Map – Digital Map for Property and Infrastructure in Indonesia

Even though the Singapore economy contracted by 5.4% in 2020, the Information &
Communications (ICT) sector grew 2.1% fuelled by the demand for IT solutions, and the
finance & insurance (FI) sector expanded by 5.0%.
In 2021, the technology and the financial sectors will lead the stabilisation and recovery
in the office market with growing headcounts, as the practice of wealth management
continues to grow within the digital sphere. Ongoing investments to elevate Singapore’s
tech ecosystem include a US$50 million pledge by Dell Technology, that would create
more than 160 jobs.

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