Here's why foreign investors are snapping up Singapore luxury office spaces

US$100m can get 50,124 sqft of space.

Singapore has ranked third in the Asia Pacific region to offer the highest capital values for prime central office space.

According to a report by Knight Frank, Hong Kong and Tokyo are first and second respectively in this category.

Based on 2Q16 prime capital values and exchange rate as at 30 June 2016, US$100m can get 50,124 sqft of prime office space in Singapore. Meanwhile, the same amount would trade for 13,966 sqft and 32,694 sqft of space in Hong Kong and Tokyo respectively.

Knight Frank also shared that Singapore remains an alluring market for overseas investors on the prowl for prime office space.

“The flurry of big-ticket transactions made by foreign investors (the sale of trophy office asset Asia Square Tower 1 and Straits Trading Building) testifies to Singapore’s appeal in office asset ownership and confidence in the Singapore’s long-term stability," said Ian Loh, executive director and head of Investment and Capital Markets, Knight Frank Singapore.

"Long-term capital preservation and appreciation would be the main selling point for Singapore’s office assets," Loh added.

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