The way we work will forever be transformed by the pandemic. YahooFinance
Arcc Spaces’ flagship space at One Marina Boulevard will span 19,000 sq ft on the 20th floor, with sweeping views across Marina Bay and the CBD
Since then, China has seen a gradual reopening of its economy, following its success to bring down numbers country-wide. On May 8, the Chinese government announced that recreational venues such as cinemas and museums would be gradually reopened, although mandatory reservations and a limit on numbers would be in place. New outbreaks in China reported over the past two months have mainly been restricted to residential compounds or hospitals.
Worldwide, Covid-19 has also taken a toll on the internet as people and businesses shift online. Internet service providers in the UK, for instance, reported double-digit increases in traffic amid its lockdown in end-March. This trend was also seen in both Singapore and Malaysia, where internet traffic surged by as much as 60% in Singapore in early April as more employees began to work from home, while Malaysia reported a 23.
Amid the post-pandemic recovery, Armstrong expects the hub-and-spoke model, which is typically adopted by larger firms, to trickle down to SMEs. This happens when companies maintain an office front in the CBD for its core staff, and shift backend employees to further office spaces in less prime locations, where rents are typically cheaper.
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