DBS Group Research’s Rachel Tan and Derek Tan have maintained a positive sentiment on office spaces in Singapore, despite a rising trend of flexible working arrangements. 

They expect demand for office space emerging “with a new face” post Covid-19. With technology enablers and positive feedback from employees, firms should increasingly look to adopt more flexible working arrangements, with the aim of crystallising occupancy savings in the near term. 

However, they believe that the level of adoption will likely vary according to sectors and job scopes, as it is not a one-size-fits-all arrangement. “While return of space in the coming years remains an overhang, we believe that the Grade A offices, with property attributes surrounding sustainability, will continue to attract tenants and remain resilient,” the analysts add. 

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