Singapore has been ranked sixth globally in Savills’ Architecture and Engineering (A&E) Talent Index, highlighting its robust education system and established industry ecosystem. Despite this achievement, the city-state’s higher operating costs necessitate strategic workplace planning for firms aiming to attract and retain skilled talent.
The index places Singapore as the top-ranked location in the Asia Pacific region, alongside major hubs like Hong Kong and Tokyo. However, the cost of living remains a significant factor for companies considering Singapore as a base for their operations. According to a survey of Savills experts, 78% of respondents identified access to talent as the most crucial factor in shaping portfolio decisions, followed by real estate costs at 74% and the cost of talent at 61%.
Ashley Swan, Executive Director of Commercial & Industrial at Savills Singapore, noted, “As global uncertainties increase, Singapore’s stability, ease of operating, and strong talent base continue to make it an attractive location for architecture and engineering firms. However, rising occupancy and operating costs mean companies need to be more deliberate in how they plan and use their office space.”
Whilst Singapore remains a prime location for A&E talent, alternatives such as Dallas, Seattle, Oslo, and Helsinki are emerging as cost-effective options, offering high-quality talent at lower occupancy costs. This trend may lead firms to reassess their location strategies to balance talent access with operational efficiency. As the competition for space in top global cities intensifies, informed corporate real estate planning will play a crucial role in supporting business performance.
