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Business trends

Singapore lures workspace operators amid pandemic property slump

Office providers extend reach in uncertain market on growth optimism

Flexible workspace operator Arcc Spaces is looking at opening facilities in new locations, potentially in Tokyo and Shenzhen. (Photo by Dylan Loh)

SINGAPORE -- Arcc Spaces' newest 19,000 sq. foot flexible workspace in Singapore looks like a luxury hotel's lobby -- 20 stories up.

Down the road from the city-state's stock exchange, and with a commanding view of the famed Marina Bay Sands hotel, it is decked out with cushy seats paired to tables bearing vases of flowers. Reception hosts offer visitors refreshment towels and bottles of Evian mineral water.

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