Daily Briefing: Singapore slips in world competitiveness; Suburban spaces expand private housing options

And CapitaLand launches its first premium coworking space.

Singapore and Hong Kong have been vying for years to hold the crown of most competitive place to do business. Now a clear winner is emerging: Hong Kong. While Hong Kong is rising on world rankings for competitiveness, Singapore is sliding. Read more here.

We’ve recently been talking about en bloc projects in Singapore like Shunfu Ville, Harbour View Gardens, as well as Katong Shopping Centre and how the performance of these collective sales might be impacted by an increase in land supply for developers. Read more here.

Singapore-listed property developer CapitaLand, together with joint venture partner Collective Works on Wednesday (8 June) opened its first premium coworking space in a Grade A office at Capital Tower, Collective Works Capital Tower. Read more here.

Photo: Elliot Westacott/Shutterstock.com