Foreign buyers troop to Singapore’s bustling office market

New investments will surge in 2015.

Opportunistic foreign buyers will troop to Singapore’s shores to take advantage of the robust office market in 2015.

According to Colliers, the Singapore office market will continue to attract investors next year, including institutional players, opportunistic private-equity investors, high-net worth individuals and family offices.

Growth in the office market will be driven by an undersupply of new office space next year, which will support healthy occupancy rates as well as rising rents and prices.

Colliers notes that the capital market in Singapore will see a year-on-year increase in transaction volume in 2015, while a number of interesting development sites are anticipated to come on the market from both the private sector and the government.

“Private-equity groups based in north Asia, including mainland China, as well as institutional investors from Europe will account for the bulk of prospective buyers in 2015, while Asian high net worth individuals and family offices will also be sniffing around. It is likely that there will be more foreign investors on Singapore’s shores next year. These investors, regardless of buyer profile, continue to believe in the strength and resilience of Singapore’s economic fundamentals and stability,” noted Colliers.