Singapore's IT boost

Many IT specialists who had set up home offices are expected to move back to better specified and technically advanced buildings in Singapore this year, according to a report by DTZ Research. This will boost demand for newer offices on the island. Total investment sales this year are likely to remain at 1999 levels, demand for office space is forecast to improve, upward adjustments are expected in retail space rentals and capital values, and rents and capital values will firm in the industrial market. In the residential market, more than 20,000 new residential units are expected to come on...