We believe Singapore’s CBD Incentive Scheme will motivate several owners to convert older buildings into state-of-the-art integrated developments bringing new residents of all ages, tourists and digital nomads into the area.
We are confident the initiative will uplift Singapore’s CBD and further widen our lead as a top global city for talent, companies and capital.
The withdrawal of older office stock will also accelerate our decentralization strategy to enhance sustainability.
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This article was originally published on JLL Real Views, JLL’s news site exploring the big trends shaping the real estate industry’, with ‘Real Views’. www.jllrealviews.com. Reprinted with permission.