The establishment of an AI Park in one-north is expected to attract AI talent, potentially increasing rental demand for housing in the area, according to Huttons Asia. The upcoming Government Land Sales (GLS) tender in Dover Drive is anticipated to draw more interest from developers, reflecting the area’s growing appeal.
The initiative to enhance AI adoption amongst companies is likely to result in a rise in the number of firms and start-ups offering AI services. This could lead to increased demand for high-specification industrial spaces and business parks, potentially driving up rents in the future.
However, whilst the demand for data centres may grow, Singapore faces constraints in land and power availability. As a result, neighbouring regions such as Johor and Batam are expected to benefit from this demand.
