Office: With corporate occupiers pulling the brakes on their expansion plans to manage costs as well as to focus on operational issues arising from the pandemic, leasing demand for the office sector had remained weak in the second quarter.
Retail: Strict social distancing measures had put some stress on activity-based retailers such as those in the F&B business. Many were not able to operate at full capacity as a result and more retailers could call it quits if the situation persists.
Industrial: In an attempt to lower real estate costs, firms turned their attention to business park spaces for their relocation needs or to use as a secondary location to supplement their main office in the CBD.
Investment: The quarter marked the return of big ticket commercial deals, which saw sales volume surged to S$2.02 billion - an 11-fold increase from Q1 2020's S$183.4 million.
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