Sink or Swim: Which sectors will have the strongest rebound?

Colliers REview Singapore blog - Webinar Sink or Swim resilience and rebound ranking

Understanding the core sectors set to thrive and survive the turbulent times can play a vital role in investor strategies moving forward, and dissecting occupiers' movements can lead to swift and smart decisions. 

Resilience and Rebound ranking report revealed key indicators of sectors to watch, and sectors which will not be as resilient during the current pandemic.

In a recent webinar, Colliers' thought-leaders along with a panel of industry experts discussed how both investors and occupiers are pivoting to tackle the future.

Firstly, Jerome Wright, Senior Director, Capital Markets, understands many institutional investors are on the hunt for good quality Grade A office buildings which are going to provide occupiers with the office space they need now, but more importantly the office they need for the future. 


"With the lack of opportunity in the Central Business District, we will see higher demand and potential growth across that fringe city business space."


"We see all sort of trends coming through with regards to health and safety of the workforce, and advanced technology driving our new way of working; this will play into their investment approach

Investors are aware of the importance that not all occupiers need large Grade A office space anymore and could require more than one office and decentralise; their operations. As such, with the lack of opportunity in the Central Business District (CBD), we will see higher demand and potential growth across that fringe city business space."

Jerome recognises that occupiers in the technology, media and telecommmunications (TMT) & e-commerce sectors will strengthen the overall market, with an increasing demand for office space both CBD and Fringe City locations over the next couple of years.

Rick Thomas, Executive Director and Head of Occupier Services, states that regardless of the shape of the rebound and somewhat gloomy forecasts circulating, there is still a positive upshot for the fundamentally strong Singapore market. 

"Though the country's outlook and recovery seem further away than what we hoped, the first quarter's Gross Domestic Product (GDP) has been higher than forecast. We understand the real impact will only come through in the second part of this year and will be adding fuel to the already contracted forecast."

"In saying that, we are pleased to see the report highlight sprouts of positivity. Manufacturing has had a significant expansion of about 6%. year-on-year, particularly in the biomedical manufacturing side and the production of pharmaceuticals. While the technology sector is also showing pockets of resilience within the Singapore economy."


"... The real impact [of the pandemic] will only come through in the second part of this year and will be adding fuel to the already contracted forecast."


In conclusion, both Colliers' experts see Singapore as a safe haven for occupiers and investors, maintaining its position as major regional hub where it is easy to do business without geopolitical tensions. The Singapore market still portrays the strong fundamentals and will continue to be very attractive to the large international institutional capital.

Watch our webinar below: 

'Sink or Swim: A sector-specific focus discussing Singapore’s Resilience & Rebound Ranking of Core Industries & Implications for Real Estate Sectors'


Download Colliers' Radar report: Resilience and Rebound Ranking here.




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Related Experts

Rick Thomas

Executive Director


As Executive Director of Occupier Services in Singapore, I have  over 20 years of experience in commercial real estate.  Based in Singapore, my responsibilities are focused on servicing the real estate needs of large multinational occupiers clients across Asia Pacific than span office leasing, industrial leasing and project management.

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Jerome Wright

Senior Director


Colliers Singapore, Senior Director and Team Leader of CMIS - Capital Markets. As the head of Capital Markets and Investment Services for Commercial, Jerome provides strategic investment advisory and brokerage services to clients, focusing on investment-grade properties. He delivers clients so that they can maximise all real estate investment opportunities in Singapore

Jerome has over 15 years of real estate experience in the field of corporate commercial investment & leasing in Singapore, and the UK. MRICS and CEA qualified, I have extensive transactional and mediation experience acquired principally in the Singapore market advising both investor/developer clients and occupier clients. Prior to joining Colliers, Jerome was Director, Commercial Leasing at an international real estate agency firm where he oversaw large projects, providing blue chip corporate clients with strategic advice to fulfill their real estate needs in Singapore.

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Colliers Webinar: Sink or Swim - A sector-specific focus