Yes great spot
Singapore may well become a nation of landlords with no tenants
I did a project in the old Caltex house or Chevron house as its now called in Raffles place.
Wework just renovated 5 floors but no customers, as usual, the rest of the building is empty less the ground 2 retail floors.
Office property is not looking good now or in the future, the wuhan wog has proven to bosses that they can do without huge offices, seems its about 50-50 on staff that prefer home or office.
So why have the staff in Singapore?
With video conferencing so good and 2 years for everyone to get used to it, expensive office space is just that.
Added to many foreign companies that are having so much trouble with getting staff or permits for foreign staff added to high costs have left or about to.
I notice staff leaving the marinas and going home average salary SGD 1600, they live better back in their home contries. Long time restaurant staff also going for same reasons.
When business runs out of cheap labour 99% of Singapore run businesses just dont know how to compete as several generations just dont have that skill set.
Yet landlords keep jacking the rent.