FOREIGN INVESTMENT IN SINGAPORE'S OFFICE SECTOR

Abstract

This dissertation investigates the structural behaviour of foreign direct property investment in Singapore's office sector and their determinants and organization structure. Using the least-square regression analysis and the autoregression approach, this dissertation reveals that GDP growth lagged five quarters and the contemporaneous service sector employment growth positively and significantly influence foreign direct property investment. However, the prime lending rate and the office rental value exhibit negative influences when lagged three quarters and two quarters respectively. This study can be useful to foreign investors, who are interested in Singapore's office market by enabling them to enhance their investment decisions as well as forecasting the trend of foreign investment in the sector.