City Fringe Gems

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2019 Singapore Office Flash Report City Fringe Gems Colliers 1040x693

Rising rents in the CBD is seeing a rising appeal of city fringe business hubs for business occupiers

 

Rising rents and tight vacancy within Singapore's central business district (CBD) have resulted in a 'flight-to-value' response, where business occupiers are increasingly decentralising from the CBD.

We believe city fringe business spaces offer value, among other merits, for cost-conscious occupiers. Rents of city fringe Grade A offices are currently 22% lower than that of the CBD, with good existing infrastructure and potential enhancement to office amenities.

As the city fringe becomes the second CBD, Colliers evaluates city fringe business locations. Download this Flash report to find out the top commercial precincts outside of CBD, and their growth potential. 


2019 Singapore Office Flash Report City Fringe Gems Colliers 719x719

City Fringe Gems

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Tricia Song

Director and Head

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Tricia Song is a Director and the Head of Research at Colliers International Singapore. Ms Song brings with her more than 17 years of experience in real estate equity research and capital markets in Singapore and ASEAN. Before Colliers, she was the lead analyst for the Singapore Real Estate and REITs sector at Equity research at Barclays Bank PLC and before that at Credit Suisse, HSBC, CIMB-GK, and UOB KayHian. She was the lead analyst on various IPO pre-deals such as Ananda Development, iREIT Global and CapitaMalls Asia.

She also has prior experience in private equity, working on M&A deals in Asia Pacific at Newbridge Capital. Ms Song graduated with a Bachelor of Business Studies (Honours) degree from Nanyang Technological University, Singapore.

 

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Rick Thomas

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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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Bastiaan VB

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Bastiaan is currently a Director within the Office Services team. Bastiaan manages complex transaction projects for diverse global multinational companies with occupancy needs throughout Singapore.

Pertinent to this assignment Bastiaan has led complex transaction projects for diverse global multinationals throughout the entire Asia-Pacific region and his expertise includes transaction management, tenant representation, portfolio reviews and divestment analysis.

In Asia - Pacific, Bastiaan lived and worked in; Singapore, Hong Kong, South Korea, Malaysia and Australia.

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