Less is more in property management

In the wake of the financial crisis, companies are examining new ways of managing their corporate real estate, trying to be creative and extracting better value.

“Organisations are now looking to trim space at the same time as they are increasing headcount less is more,” said Oliver Jones, newly appointed head of corporate real estate at EC Harris, a leading built asset consultancy firm.

Separately, Singapore was named Asia’s most expensive country in which to build and made the top 10 most expensive countries in the world, in a list headed by Switzerland.

In its International Construction Cost Report, released earlier this month, EC Harris named Hong Kong as the second-most expensive...