Friday, December 14, 2012

Tenants have more office space to fill

The question is whether there is demand.

The Ministry of National Development reported:

The 1H2013 Reserve List will have 3 sites for office developments. The White site at Marina View/Union Street and 2 commercial sites at Sims Avenue/Tanjong Katong Road and Cecil Street/Telok Ayer Street are carried over from the 2H2012 Reserve List.

Together, these 3 sites will provide opportunities for the market to initiate more office space, over and above the 1,173,000 sqm GFA of office space in the pipeline, if there is demand.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

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