Asia Pacific Outlook 2024 Asia Pacific Office Outlook 2024
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ASIA PACIFIC OFFICE OUTLOOK 2024

Cushman & Wakefield’s 2024 Asia Pacific Office Outlook provides supply, demand, vacancy and rent data forecasts for cities in Australia, China, India, Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

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Singapore Market Outlook 2024
Our latest paper explores the market outlook on the Singapore office, industrial, retail, private residential, hotels, and investment markets in 2024.
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Bringing Office Shadow Space To Light
Despite an economic slowdown, Singapore office market rents have continued to trend higher amidst tight vacancy rates of about 4.4%.
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The real estate market is always evolving. Stay up-to-date on trends and opportunities with our outstanding research and commentary.
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No two projects are the same. Find out how we create real estate solutions to prepare our clients for what’s next.
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Insights

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Research

APAC Data Centre Update

The operational capacity of Asia Pacific’s* data centre markets has surpassed the 10GW mark, with ~800MW of new supply added in H2 2023 bringing the total regional live capacity up to 10.6GW. We continue to witness a robust development pipeline with 3.9GW under construction throughout the region and 9.4GW in planning stages, which is an increase of ~900MW since our last update.
15/02/2024
SG-outllok2024
Research

Singapore Market Outlook 2024

Globally, inflation appears to be stabilising, and interest rates have possibly reached their peak, suggesting a potential soft landing for the global economy.
12/12/2023
The Appeal of Co-Living in Singapore
Insights

The Appeal of Co-Living in Singapore

The demand for co-living has heated up in recent times, fueled by a confluence of surging residential rents and prices as well as construction delays of new homes
26/01/2023

Recent Press Releases

Serene Centre Singapore
Prime Freehold Mixed-Use Development Serene Centre Sold for $105 million

Cushman & Wakefield, a leading global real estate services firm has today announced the sale completion of Serene Centre (the “Property”) for $105 million. 

 

Shaun Poh • 23/02/2024

LIV@CHANGI building facade
A Freehold Suburban 3-storey Retail Mall at Upper Changi Road Up for Sale via Expression of Interest

Cushman & Wakefield and CBRE, as the joint-exclusive marketing agents, are pleased to offer for sale Liv@Changi, a 3-storey suburban retail mall located at 933 Upper Changi Road North.

Nandhini Rad • 20/02/2024

Citadines Mount Sophia
Citadines Mount Sophia sold for $148 million

Citadines Mount Sophia at 8 Wilkie Road is a 12-storey premier serviced residence, offering 154 apartment suites comprising studios, 1-bedroom and 2-bedroom. 

Shaun Poh • 02/02/2024

Freehold Commercial Strata
Entire Floor of Freehold Commercial Strata Space within Prime Orchard District For Sale at S$76.0 Million

Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm is pleased to offer the exclusive sale of the entire second-floor office space at 15 Scotts Road, one of Singapore's most prestigious districts via an Expression of Interest.

Shaun Poh • 09/01/2024

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Singapore's Data Centre Market to Surpass 1GW Milestone by 2024 but faces market share challenges

Singapore’s data centre market is on track to exceed 1 gigawatt (GW) in 2024 but a limited pipeline of planned and under-construction supply will see other markets overtake the city-state’s operational capacity in the coming years, according to Cushman & Wakefield’s latest Asia Pacific Data Centre Update.

Nandhini Rad • 25/08/2023

fit out guide
Asia Pacific’s post-pandemic office: more expensive to build, but as important as ever

Persistent inflation, tight labour markets, and ongoing supply chain delays have increased average fit out costs across Asia Pacific, according to Cushman & Wakefield’s 2023 Asia Pacific Office Fit Out Cost Guide, but major occupiers are absorbing the higher spend in their quest to improve return-to-office rates.

Amanda Phua • 30/03/2023

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Shankar Narayanasamy appointment
Cushman & Wakefield Appoints Shankar Narayanasamy as Client Solutions Lead for Global Occupier Services, Asia Pacific

Cushman & Wakefield, a global leader in commercial real estate services, today announced the appointment of Shankar Narayanasamy as Client Solutions Lead for its Global Occupier Services (GOS) business in Asia Pacific, effective 9 May 2022. 

Amanda Phua • 18/05/2022

10 Toh Guan Road East Singapore
10 Toh Guan Road East for Sale by Expression of Interest

10 Toh Guan Road East (the “Property”) has been put up for sale via an Expression of Interest (EOI). Cushman & Wakefield is the appointed exclusive marketing consultant for the sale.

Brenda Ong • 04/04/2022

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C&W Services reimagines the future of work with the transformation of its headquarters at Chai Chee

Officiated by the Guest-of-Honour, Speaker of Parliament Tan Chuan-Jin, the new workplace embodies the firm’s commitment to Diversity, Equity & Inclusion (DE&I) and the adoption of smart technology that promotes both sustainability and well-being.

Chek Yee Foo • 23/03/2022

Asia Pacific Transaction Volumes Expected to Record Double-Digit Volume Growth in 2022 and 2023
Asia Pacific Transaction Volumes Expected to Record Double-Digit Volume Growth in 2022 and 2023

Global real estate market recovery is expected to hit the fast lane, with Q4 2021 volumes driving annual increase of 55%. 

Jayna Poh • 01/03/2022

Singapore Office Market Poised for Another Robust Year in 2022
Singapore Office Market Poised for Another Robust Year in 2022

Following a strong recovery in office demand, reduced vacancies and growth in CBD Grade A office rents in 2021, the Singapore office market is expected to further pick up pace in 2022.

Amanda Phua • 07/02/2022

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