The local commercial property market remained "relatively stable" in 1Q24 amidst healthy demand and supply, the Royal Institution of Chartered Surveyors reported.
In response to the demand, more developments are rising in Singapore, with a net balance of +7 of surveyors having a positive outlook for this indicator.A similar number of surveyors confirmed an increase in office tenants looking to downsise, potentially due to the global rise in employees working from home.
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