More CBD office tenant found city fringe office to be more value for money due to its location and relative affordability. On average, city fringe Grade A office monthly per square foot (PSF) is more than $2 lower than that of the CBD area.
Such location including Alexandra, Paya Lebar and Habourfront are gaining more interest due to the optimal factor of monthly cost and location etc.
At Paya Lebar, the location is under transformation to become the next commercial hub and retail developments under URA Master Plan. Several refurbishment and new establishment including Paya Lebar Quarter (PLQ), Paya Lebar Square and Singpost Centre has boosted the footprint in the location.
As a result the indirect elevation of residential market will be evidence, as more manpower are shifted and also be pursuing accomodation with lifestyle and convenience.
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