Archive for category: Misc

Companies in the Asia Pacific are leading the way in the return to the office, with office utilisation rates in the region reaching 65% as of March this year. A new survey by CBRE which polled over 130 corporate real estate executives in Apac from over 80 companies found that nearly half (48%) of respondents surveyed prioritise getting employees back in the office, compared to 40% for the US and 43% for Europe. “Corporate management in Apac is focusing on getting employees back to the office as they retain a strong belief that office-based work can boost collaboration and engagement,” the report adds.

Office attendance varies across the region, with CBRE highlighting that markets in Greater China, Korea and Japan show utilisation rates of around 70%, whereas office utilisation remains below 60% in the Pacific.

When it comes to working from home, companies appear to be shifting towards employees spending more days in the office. According to the survey, 34% of companies surveyed in 2023 require employees to be in the office full-time, declining from 38% last year. There has also been a reduction in companies allowing an equal split between working from home and in the office, going from 28% in 2022 to 22% this year.

Meanwhile, more companies intend to have staff mostly based at the office (three or more days per week), with 32% of companies surveyed in 2023 looking to do so, compared to 24% in 2022. CBRE believes that some level of flexibility is here to stay, anticipating that office attendance in Apac will stay 10% to 15% below pre-pandemic levels for the foreseeable future.

Situated in the heart of Singapore’s Robertson Quay, Zion Road Condo is an iconic urban development offering residents the best of Singapore’s urban conveniences and idyllic lifestyle. With a direct access to the Singapore River, the property lets its occupants enjoy the beauty of nature while indulging in the perks of city life. The development also boasts of premium interior options, with spectacular views of the river and cityscape. Moreover, it has an endless array of amenities and attractions, allowing you to enjoy a wide variety of lifestyle offerings in the vicinity. All in all, Zion Road Condo exemplifies what it means to be the epitome of luxurious living.

Moving ahead, more companies are looking to increase their office portfolios over the next three years, with 44% of Apac companies surveyed expressing such a plan. Of these companies, most are looking to boost their portfolio by 10% to 30%. Further, 64% of survey respondents wanted to occupy offices in buildings certified for environmental, social and governance (ESG), while 52% intended to allocate more of their portfolio to flexible space.

Flexible space offers companies the opportunity to enhance their portfolio agility, and by 2025, it is expected that flex space will represent a quarter of their overall real estate portfolio, up from about 14% currently. This will no doubt remain an attractive option for companies seeking to adapt to a post-pandemic world.