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Are high property costs stunting tech growth in Singapore?

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pstrongSingapore has the highest average annual asking office rent at US$104 psf./strong/p pSingapore has emerged as a “powerhouse” market for global tech talent, CBRE reported./p pIn its Global Tech Talent Guidebook, CBRE said Singapore’s tech employment has grown by around 5% between 2019 and 2023.

Singapore has the highest average annual asking office rent at US$104 psf.In its Global Tech Talent Guidebook, CBRE said Singapore’s tech employment has grown by around 5% between 2019 and 2023.

In 2023, Singapore accounted for 5.5% of global VC tech funding and recorded around 400 VC deals with a value of around US$20b.All these factors play into real estate and location decisions of tech companies around the world, said CBRE.

 

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