The move “reinforces the long-term strategic importance of the one-north precinct as a high-value innovation cluster”, adds Sandrasegeran. “As the cluster expands to accommodate more AI practitioners, researchers, engineers and corporate teams, demand for housing within close proximity to workplaces is likely to remain structurally supported.”
Singapore will establish an artificial intelligence (AI) park at one-north, announced Prime Minister and Finance Minister Lawrence Wong at Budget 2026 on Feb 12. The initiative builds on Lorong AI, a pilot co-working space intended to foster collaboration within the AI community.
This strengthens demand for high specification business parks, R&D and advanced industrial space, particularly within established innovation clusters. The concentration of AI practitioners, researchers and corporates in one-north is likely to support residential demand in nearby precincts, says Mohan Sandrasegeran, head of research and data analytics at property agency Singapore Realtors Inc (SRI).
