Singapore’s developers are building more office space in the city’s suburbs as companies including Credit Suisse Group AG (CSGN) shift some operations away from downtown to cut costs, according to Cushman & Wakefield Inc.
The city’s supply of suburban office space is expected to rise to 920,000 square feet in 2014, five times the 190,000 square feet that’s expected to be completed this year, the world’s largest privately held property services company said. Full story
