More office space to sprout up as Marina Bay unveils 10.7m sq ft of supply

Here's its potential impact on demand.

According to Maybank Kim Eng, based on the URA Draft Master Plan 2013 released last November, Marina Bay will offer at least another 1m sq m (10.7m sq ft) of office space within the Central Area in addition to the 4.6 m sq m (49.4m sq ft) already available.

Here's more:

In particular, new office space will sprout up on the belt along Bayfront Avenue, which stretches from Marina Bay Sands to Marina Bay Station Square.

We view this upcoming supply as an overhang on office REITs, diminishing the prospects for a sustained spike in office demand in the CBD area.

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