Occupancy Costs Of Singapore Offices Remain Competitive In The World.

Online, August 26, 2012 (Newswire.com) - The cost of taking up office space in Singapore has remained relatively stable despite strong demand, due largely to significant additions of office space from newly completed office buildings in the city centre.

For example, despite the challenging global economic environment, international law firms appear to be expanding into Singapore and Singapore's office space demand is seeing growing interest from these international law firms. Many of these legal firms are showing preference for the newly completed Grade A office buildings. These firms are relocating due to the new breed of truly international quality Grade A buildings that has been built in the past three years.

According to a survey by property consultancy firms, CBRE, Singapore's office occupancy costs is are only the 16th most expensive in the world. It is currently at about US$117.39 per square foot per year. In contrast, Hong Kong's Central Business District occupancy costs is about US 248.83 per square foot per year.

The Singapore office market is likely to remain competitive against the other financial centers and regional cities.

Rich foreign investors are also showing keen interests in strata-titled office units in Singapore. Most of these foreign investors are looking at buying commercial units in prime locations, such as the Central Business District.

Within the Central Business District, there is a new launch mixed development project called Eon Shenton. Located within the heart of Singapore financial district of Shenton Way, this project comprises of shops, offices and residential units. Some of the offices and residences offer spectacular unblock sea view.

Local Singaporean looking to invest in landed properties in Singapore should check out http://www.BuyRentSingapore.com , to get an overview of the project and the latest promotional offers.