Essayer OR - Gratuit
Business parks must reinvent, reposition spaces: NUS report
The Straits Times
|September 03, 2024
Business parks remain relevant and competitive in Singapore's real estate landscape, but new work practices could hurt demand for such spaces, a survey by the National University of Singapore (NUS) has concluded.
-
These market dynamics may compel some companies to become "more footloose", potentially undermining the physical locational advantages of business parks, said Professor Sing Tien Foo, provost's chair professor of real estate at the NUS Business School, in the survey report released on Aug 30.
"This signals a pressing need for business park operators to reposition and reinvent their spaces in the changing market landscape," he added.
About 70 per cent of real estate executives polled by NUS agreed that business parks were relevant in Singapore's real estate market; 62 per cent concurred that such assets would stay attractive and continue to retain businesses and investments from multinational companies (MNCs).
The poll was conducted by NUS' Department of Real Estate and Institute of Real Estate and Urban Studies.
Cette histoire est tirée de l'édition September 03, 2024 de The Straits Times.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The Straits Times
The Straits Times
An eyesore • Clothes for recycling pile up beside bin
At Block 1A in Eunos Crescent, there is often a pile of clothes strewn on the floor beside the textile recycling bin.
1 min
January 07, 2026
The Straits Times
THEY GOT IT WRONG: SABALENKA
She's sad about the negative views on 'Battle of the Sexes' and says 'it was fun'
3 mins
January 07, 2026
The Straits Times
Rules of engagement for an honest debate on Singapore's immigration policy
The West's immigration debates offer hard lessons on what to avoid when Singapore revisits its population conundrum.
5 mins
January 07, 2026
The Straits Times
More young people in S'pore drawn to skilled trades
Many see a hands-on career as rewarding, hope to become their own boss
7 mins
January 07, 2026
The Straits Times
Littlemissmillion should prevail
Jan 8 South Africa (Vaal) preview
2 mins
January 07, 2026
The Straits Times
Episode confirms shift in US behaviour under Trump: Expert
ly worded remarks that did not mention Washington or US President Donald Trump by name.
3 mins
January 07, 2026
The Straits Times
Growing unease in Asia-Pacific over US strike on Venezuela
While governments across the Asia-Pacific region have responded cautiously to the US attack on Venezuela, lawmakers and former officials have hit out at Washington’s move, saying its actions risk accelerating the erosion of the rules-based international order.
4 mins
January 07, 2026
The Straits Times
Boating • Bring down CIQ costs for pleasure craft owners in Singapore
I wish to highlight the high cost faced by owners of pleasure craft (boats used for sport, recreational or leisure purposes) when leaving and entering Singapore, and to urge the Maritime and Port Authority of Singapore (MPA) and Immigration and Checkpoints Authority (ICA) to consider a more practical and affordable alternative.
1 mins
January 07, 2026
The Straits Times
AI, quantum computing, interdisciplinary research to reshape science: Heng Swee Keat
As the world is in the midst of a revolution in artificial intelligence (AI) and machine learning capabilities, the research and innovation field will also be impacted in fundamental ways, said National Research Foundation (NRF) chairman Heng Swee Keat.
3 mins
January 07, 2026
The Straits Times
How not to get 'captured' in Trump's TV show foreign policy
The capture of Venezuelan President Nicolas Maduro and the theatrical use of force offer lessons on surviving US foreign policy in the near term.
4 mins
January 07, 2026
Listen
Translate
Change font size