Singapore’s office market is facing headwinds. Despite a 14.9% surge in Grade A office rents since early 2021, recent data shows a dip in activity, with office rental indices registering declines and vacancies rising to 7.8% due to new supply additions like IOI Central Boulevard Towers. Coupled with limited demand from tech sectors and the rise of flexible working arrangements, the market has plateaued, relying on smaller-scale demand from private wealth and professional services firms. How will the current conditions augur for Singapore’s office market in 2025? What will growth look like?

Alan Cheong, Executive Director of Research & Consultancy at Savills shares his insights on Singapore’s office market outlook for 2025.

Singapore&rsquo;s office market is facing headwinds. Despite a 14.9% surge in Grade A office rents since early 2021, recent data shows a dip in activity, with office rental indices registering declines and vacancies rising to 7.8% due to new supply additions like IOI Central Boulevard Towers. Coupled with limited demand from tech sectors and the rise of flexible working arrangements, the market has plateaued, relying on smaller-scale demand from private wealth and professional services firms. How will the current conditions augur for Singapore&rsquo;s office market in 2025? What will growth look like?
Alan Cheong, Executive Director of Research &amp; Consultancy at Savills shares his insights on Singapore&rsquo;s office market outlook for 2025.

Take a step back, refocus, and Reset with Lynlee.

Take a step back, refocus, and Reset with Lynlee.

Airing weekdays from 1pm to 4pm, the show brings clarity to the stories shaping Singapore and the world — from current affairs and global developments to business trends and industry shifts. Through insightful conversations and fresh perspectives, Lynlee explores what’s driving the headlines and where things are heading next.

Featuring segments like Viewpoint, Industry Insight and Suite Talk, Reset goes beyond the noise to offer thoughtful analysis, real-world context and ideas that help you recalibrate for the rest of your day.

Take a step back, refocus, and Reset with Lynlee.
Airing weekdays from 1pm to 4pm, the show brings clarity to the stories shaping Singapore and the world &mdash; from current affairs and global developments to business trends and industry shifts. Through insightful conversations and fresh perspectives, Lynlee explores what&rsquo;s driving the headlines and where things are heading next.
Featuring segments like Viewpoint, Industry Insight and Suite Talk, Reset goes beyond the noise to offer thoughtful analysis, real-world context and ideas that help you recalibrate for the rest of your day.