Shorter-lease commercial sites likely to lead to lower land costs for developers
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Developers of shorter-lease commercial sites are likely to enjoy lower upfront land costs under a planned roll-out of these sites to provide more decentralised options for businesses and workers.
Commercial sites on 15-to 30-year leases are also feasible for some businesses as they can increase or reduce their footprint on a reasonable budget in response to rapidly changing trends, said Ms Catherine He, Colliers' head of research for Singapore.
