The Executive Centre to open Singapore Land Tower workspace in January 2024

Additionally, TEC observes that the way renters use office has actually transformed since pre-Covid days, with business placing greater emphasis on having accessibility to a mix of purpose-built places including personal workplaces for focused work, manageable seats, joint conference room, and activity spaces.

The beginning of the new centre happens amidst growing interest for office space in Singapore, TEC says in a Nov 27 announcement. The higher interest emerges from MNCs aiming to set up workplaces in Singapore, as well as increasing back-to-office force coming from companies tightening a mix of both working protocols. Pointing out CBRE’s 2023 Singapore Office Occupier Sentiment Survey, TEC notes that 64% of firms are focused on boosting office presence or boosting work efficiency.

The new centre follows a series of 4 launchings TEC has actually executed throughout Southeast Asia this year: one in Singapore’s Capital Square as well as one each in Jakarta, Ho Chi Minh City and Manila. Together, TEC has added nearly 1,200 workstations across these major Southeast Asian markets in 2023, representing a 33% rise in office growth.

Tembusu Grand Singapore

Since September, TEC’s standard tenancy rates stood at 98% in Manila, 91% in Ho Chi Minh City and 81% in Jakarta.

TEC’s Lim claims the firm’s growth momentum in Southeast Asia is expected to carry in to 2024. Noting that its growths are driven by customer demands, she accentuate that TEC’s networks of centres within Southeast Asia are reinforced by customers that have a global presence in the place.

The opening of the TEC center at Singapore Land Tower is a response to this increasing need, states Yvonne Lim, TEC’s handling director for Southeast Asia. She includes that the brand-new hub is observing “sturdy interest”, according to the strong occupancy rate at TEC’s different facilities in the city. As of September, TEC’s standard occupancy price in Singapore remained at 95%.

Flexible work area company The Executive Centre will open its 8th centre in Singapore, situated at the Singapore Land Tower, in January 2024. The facility rises on the 45th to 47th grounds of the workplace high rise at 50 Raffles Place, close to Raffles Place MRT Stop. Extending 50,720 sq ft, it will have 490 offices and consist of reserved workplaces and a member lounge.

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