For many years, not just in Singapore, also in Hong Kong, big commercial players, invest in a few floors of offices, rent them and resell them eventually for a much bigger profit.
Office investment is very different from other segments of real estate.
The bigger floor plates in offices, the greater the demand, so much so, that many developers and landlords choose to build office buildings and keep them for rental for long period of time.
This is fuelled by strong demand from banks, institutions, fund houses, renowned lawyers, finance consultants, listed companies who will lease a few floors and recently UBS lease the whole office building previously known as Park Mall from Singhaiyi.
Not forgetting the popularity of co-work space that keeps expanding not just in Singapore but throughout the world.