https://finance.yahoo.com/news/struggling-business-park-deals-blow-220018011.html
i saw this report and I wonder why we are still building new offices. esp with remote work and how so many companies are either downsizing or moving into small spaces.
in fact, after Unilever left their three floor space in Mapletree Business City, it was vacant for a good three years or so. One floor was only recently taken up and the other two remain empty.
the space is right in the middle of the business city, just in front of the drop off area. so it is a good location.
and now there is another Labrador Tower coming up, with more office space. who are the tenants?
don't know why we are having new buildings and no idea who is filling them up.
sometime i dono what the pap is smoking us also. sgg is too costly and govt only cares about gdp
Quote from: Keeptrucking on Jun 06, 2024, 12:15 PMhttps://finance.yahoo.com/news/struggling-business-park-deals-blow-220018011.html
i saw this report and I wonder why we are still building new offices. esp with remote work and how so many companies are either downsizing or moving into small spaces.
in fact, after Unilever left their three floor space in Mapletree Business City, it was vacant for a good three years or so. One floor was only recently taken up and the other two remain empty.
the space is right in the middle of the business city, just in front of the drop off area. so it is a good location.
and now there is another Labrador Tower coming up, with more office space. who are the tenants?
don't know why we are having new buildings and no idea who is filling them up.
There used to be a period where I wanted to rent office space just to place a sleeping bag inside to sleep. $500/mth is very affordable.
That's why gov and big corps brainwashing ppl to go back to office
i think so too, better to build mixed developments or hdb etc tbh
Quote from: Keeptrucking on Jun 06, 2024, 12:15 PMhttps://finance.yahoo.com/news/struggling-business-park-deals-blow-220018011.html
i saw this report and I wonder why we are still building new offices. esp with remote work and how so many companies are either downsizing or moving into small spaces.
in fact, after Unilever left their three floor space in Mapletree Business City, it was vacant for a good three years or so. One floor was only recently taken up and the other two remain empty.
the space is right in the middle of the business city, just in front of the drop off area. so it is a good location.
and now there is another Labrador Tower coming up, with more office space. who are the tenants?
don't know why we are having new buildings and no idea who is filling them up.
need moar ft to fill up these space
:frown:
Quote from: Bardiel on Jun 06, 2024, 01:45 PMsometime i dono what the pap is smoking us also. sgg is too costly and govt only cares about gdp
Word. A lot of idiots think that the PAP really cares for the people when they only care about the numbers.
just like china now
china cities everywhere building apartments but no buyers
in sg we build office towers but no tenants
For laundromat
dun build how to keep the construction companies afloat?
see how many are digging and digging the roads, cb my place outside dig for many months liao, from woodleigh down all the way to bendemeer
Quote from: Bardiel on Jun 06, 2024, 01:45 PMsometime i dono what the pap is smoking us also. sgg is too costly and govt only cares about gdp
Gdp tied to their salary and bonus mah
Also, can haolian gdp to other countries
Property crash cuming ?
Quote from: Kaiju8 on Jun 07, 2024, 12:11 PMProperty crash cuming ?
as long as floodgates open.. it wont crash
:frown:
my company's office space is also a massive waste of expense.
Quote from: Aisingioro on Jun 07, 2024, 03:13 PMmy company's office space is also a massive waste of expense.
chiur kompany waste $$ ish not chiur taiji but mgmt fault
chiu just collect celery can liao
:flash:
Quote from: Kaiju8 on Jun 07, 2024, 12:11 PMProperty crash cuming ?
there are 2 things that cannot fail in SG
1. banking sector
2. property sector
everything else can fail, can restart, can try again
Quote from: jim889 on Jun 07, 2024, 06:29 PMchiur kompany waste $$ ish not chiur taiji but mgmt fault
chiu just collect celery can liao
:flash:
yup... bo wa lao peh e kong si, just collect celery can liao
Quote from: Aisingioro on Jun 09, 2024, 03:51 PMyup... bo wa lao peh e kong si, just collect celery can liao
and wait for mgmt to tio pok
:s13: :s13:
agree with TS ... this is not sustainable ... ;D
Quote from: xcodes on Jun 09, 2024, 05:12 PMagree with TS ... this is not sustainable ... ;D
open flood gates then instant got ppl take over the empty space
:s13: :s13:
Our land's landlord achieved it's aim liao. Spending money down to construction coy. Maple tree another socializing cost, privatizing profit.
Just looking at coy co-sharing work spaces. 63 Robinson road. Afro-Asia building. Anyone working in such environment before?
Are coys going towards such work arrangements?
Good or no good? Izzit no need fixed office spaces for permanent employees?
i also don't understand the garhment.
they not afraid their precious FT / MNC run road to other better, cheaper places :spin:
Quote from: chainsawman on Jun 12, 2024, 10:16 AMi also don't understand the garhment.
they not afraid their precious FT / MNC run road to other better, cheaper places :spin:
Quantity over quality :frown:
this new one is coming up just opposite Mapletree Business City at Pasir Panjang.
https://www.labradortower.com/
huge building.
but i still see two floors of prime office space (vacated by Unilever) empty after what 2/3 years in mapletree. and I believe the Google office in mapletree is also cutting down their workforce and taking up lesser space?
I believe that Labrador Park tower rental might be higher because it is much nearer to Pasir Panjang MRT.
so, i wonder who will take up the space at Labrador Tower given how bad mapletree is doing?