Despite its physical and resource constraints, Singapore has distinguished itself from the rest with its ability to envisage and navigate the winds of change. This has been deftly demonstrated in numerous instances; the layout of its world class transport and infrastructure network, the introduction of its first two integrated resorts, and most recently, the unveiling of the Urban Redevelopment Authority’s Draft Master Plan 2019, which will guide its development for the next 10 to 15 years.
Through a real estate lens, CBRE outlines five major structural changes that will shape the economy in the next decade, at the same time examining how market players can ride these changes with Singapore into 2030. They are:
3) Occupier trends
Finally, the plans for Punggol Digital District, Singapore’s first Smart and Enterprise District are highlighted, painting a possible picture of what the rest of Singapore will be like should it be a success.