How Singaporeans plan to live and work in 2023

Almost five in 10 plan to move to city centres.

Almost half of Singaporeans (49%) plan to move closer to city centres, according to a study by CBRE.

This is likely because offices in city centres are generally more satisfactory (68%) than those in emerging locations (61%), and suburbs (53%), according to employees.

Meanwhile, almost half of late millennials (age 26-33) and over a third of early millennials (age 34-41) who plan to move in the next two years want to do so due to changes in their household sizes due to family formation.

“Areas close to the city centre remain most sought after among those planning to move, especially for younger generations. Locations close to business districts can meet the demand for easy access to offices, and leisure activity locations,” said Dr Henry Chin, Global Head of Investor Thought Leadership & Head of Research, Asia Pacific for CBRE.

Whilst slightly over 70% of employees place more importance on location when reporting physically to work, the most important feature that can entice Singaporeans to visit the office more frequently is “environmental features.”

“This also aligns with corporates’ desire to occupy ESG-friendly buildings. Additionally, Singapore respondents display the most interest in free food and beverages, but are less enthusiastic about social and entertainment events,” CBRE said.

“Health and wellness offerings, such as relaxation opportunities, are also important in getting people back in the office,” CBRE added.

Follow the link for more news on

CBRE

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia