ShareJunction - Member Posts

Back

Singapore preferred by top companies

On August 1, 2011, in Doing Business in Singapore, Relocation to Singapore,

Singapore and HK were neck in neck in CBRE's Business Footprints Survey

According to CB Richard Ellis’ (CBRE) Business Footprints survey, Hong Kong and Singapore were the world’s top two destinations for international office setup. The survey, which encompasses 232 cities, looks into office locations of 280 of the world’s largest firms, many of which are Fortune 500 companies. 191 companies have set up in Hong Kong, representing 68% of this list. Singapore came a close 2nd by a nominal 0.5%, marked by difference of two companies. The other two of the top five cities in CBRE’s Business Footprints list included Tokyo, with 179 companies and Shanghai, with 172 companies. London was the only non-Asian city in the top-four list, with 177 companies.

Although Hong Kong has emerged tops in this list, Singapore’s office spaces are still less costly. Hong Kong’s property prices have increased by 30% in spite of its devalued currency over the past year. Singapore’s property prices, on the other hand, have increased by 23% in spite of its currency appreciation. As a result, Singapore’s property prices are more competitive than Hong Kong’s over the past year. The awareness of lower office prices bodes well for MNCs but it holds more weight for SMEs and start-ups as savings in office rental translates to real, potential savings that directly affect the bottom line.

However, it is not enough for an entrepreneur to secure a cost-effective office space. The cost has to correspond to the quality of one’s office location i.e. it has to be good value for money. More importantly, the location and perceived quality of one’s office is most vital to giving potential clients a good first impression of the company even before they set foot in the office. On this front, Singapore trumps Hong Kong as it has an abundance and wide variety of commercial and office spaces in the heart of the city’s Central Business District (CBD). While Hong Kong has a limited and competitive supply of office spaces even in its newest business hub, Kowloon East, the Singapore government had anticipated a growing demand for commercial space and reclaimed land near the CBD a decade ago.

Additionally, Singapore has increased the pace of new office developments to cater to the growing demand. As a result, an estimated 3 million square feet of office space is projected to appear on the market this year. On the other hand, Hong Kong’s office supply will rise by only 1.3 million square feet and outside of the Central area to boot. An entrepreneur wishing to secure an office space in the heart of a city’s business district has a higher chance of realizing that dream in Singapore than in Hong Kong. Furthermore, Singapore’s air quality adds to the value of its office property and quality of living vis-a-vis Hong Kong’s air density and pollution.

On these counts, Singapore supercedes Hong Kong as a office setup destination due to its ability to better manage its land resource as well as to provide high-quality office spaces, especially for SMEs.

Singapore has a high density of banking, financial and industrial goods and services-related companies so entrepreneurs specializing in these services are in good stead to setup a Singapore subsidiary or opt for Singapore branch registration. Businesses specializing in the industrial goods and services sector converge in Singapore to take advantage of its deep talent pool of skilled and low-cost manpower. Those in banking and financial services are attracted to Singapore’s prudent investment strategies and less risky banking policies such as the higher capital adequacy requirements.

Other than offering an abundance of affordable, high-quality office spaces, Singapore remains as a top business location as it offers entrepreneurs and investors a diverse and robust talent pool. Between December 2009 and 2010, the number of foreign workers and professionals in Singapore grew by 530,000 or 0.7% y-o-y. According to Singapore’s Ministry of Manpower, employment has risen by 28,300 over the first quarter of this year. Just last month, Singapore updated its immigration policies to attract professionals and highly-skilled talent to Singapore. Prior to this, requirements for the Singapore entrepreneur visa (EntrePass) has been tightened as well. However, the Ministry of Manpower saw no less than an average of 3,000 applications annually, indicating an unwavering confidence in Singapore as a business hotbed.

Last but not least, Singapore offers assurance to businesses in its transparent and efficient style of governance. Following the latest elections, Singapore’s younger and newer government are more than keen to ensure that enterprises in budding industry sectors receive the seed funding and framework needed to develop themselves into globally competitive companies. In the wake of newer government, Singapore’s low taxation policy remains unchanged as is its priority in developing investments domestically and abroad. GuidemeSingapore is confident that Singapore’s reputation as a business magnet is set to flourish in years to come.

Good Post Bad Post

28-Aug-2011 10:09

User Research/Opinions / STI might test 1899 in year 2012

Go to Message

x 0

Well said, my friend :)

PEOPLE is what we need!!!

Influx of foreingers is UNAVOIDABLE. I will defintiely welcome more china babe made in china......lol!

My " lol" is worth a thought.. think and think , dont just criticise our government...when you need people, you think of china babe..

When there is War, i am counting of Strong military...........not opposition!!!!

risktaker ( Date: 24-Aug-2011 23:55) Posted:

Frankly Speaking Singapore has nothing..... no natural resources or anything.... Only trained workforce that is our only advantage.

In order to draw in investment we had to reduce their cost.... especially in times of crisis. That is natural so Singaporeans across the board took a hit. Our dear PM Lee even did not draw salary in times of crisis.

If your cost is too high people will soon leave Singapore and go else where. We are in a competitive environment. Educated and Trained workforce is spurring up everywhere especially china.

As long as government policy can covered 85% of the general population that is extremely good. As they can always come out another one to cover the 15% population via subsidies which our government is doing.

You had to think in terms of bigger picture. No one is perfect and we human learn thru experience. I am sure Tony Tan is best candidate for Singapore President. I read a lot of emails circulating about the candidates of the presidency but seriously i find it shallow.

You have to think further and deeper in order to forge a policy that do well for Singapore and take care of its citizen. At times we are at disadvantage, but as a whole it will benefit the further generations. Not all policy are perfect and they are adjusting as they learn and gather feedback.

A united Singapore is the Best and Wise Choice. I do not wished to see a repeat of divided US congress.

Vote Wisely.

catalyst ( Date: 24-Aug-2011 23:17) Posted:

Best, but only to the blind man's eyes.

Sorry to feel contrary to your opinion but pls wake up.

He has never and never will put Singaporeans at heart. Only P*P policies will will be bulldozed thru.

All for G*C. All for Temas*k. That is all he is programmed for.

Pls don't vote for this robot.

Good Post Bad Post

28-Aug-2011 10:02

Straits Times Index / STI to cross 3000 boosted by long-term investors

Go to Message

x 0

Have you heard of any thing??

Does one forsee a " insurance=bundled subprime crisis" ?? Hope not!

RachelG ( Date: 27-Aug-2011 22:37) Posted:

Is Prudential exposed to USA insurance claim in the event Irene leave a path of desturction??

Good Post Bad Post

28-Aug-2011 09:54

Others / GE2011 Co-driver analogy...haha

Go to Message

x 0

Singaporeans :

Ask yourself :

When War breaks out, are we counting on oppositions or are we counting on strong military?

One will truly experience what life is, when one goes thru the war.. If we dont have a 'strong ground' of singaporeans, we become very vulnerable to outsdie world......So, think carefully, why would we want to bring in so call " FT" ?? Do we not already experiencing LOW BIRGH RATE?

Be Blessed that you have a stable place to call a home.

Cheers :)

Good Post Bad Post

19-Aug-2011 17:44

Others / possibility of QE3

Go to Message

x 0

QE or no QE, i think we will run into natural resource disaster......not enuf food! (I am not sure not enuf food due to overpopulated world wide or globalisation)..... may be some experts can explain... :)

Bloodybloke ( Date: 19-Aug-2011 09:54) Posted:

Do u think its gonna happen anytime soon?

Good Post Bad Post

19-Aug-2011 17:37

User Research/Opinions / your biggest worries?

Go to Message

x 0

Setting precedence (as in sharing salary) is already NOT a good example

pharoah88 ( Date: 19-Aug-2011 17:35) Posted:

WALK THE TALK

dOnAtE At lEAst HALF the PresIdent sAlAry

LEAD BY EXAMPLE

SHARE OWN SHARES

niuyear ( Date: 19-Aug-2011 17:27) Posted:

How to see from outside, which president has big hear

Good Post Bad Post

19-Aug-2011 17:31

Seatrium / Sembmarine

Go to Message

x 0

Share Prices

	Price (S$)	Chg(cts)	Chg(%)	Vol
Sembcorp Industries	4.03	-0.32	-7.4	8500
Sembcorp Marine	3.86	-0.37	-8.7	24193

JUNWEI9756 ( Date: 19-Aug-2011 17:28) Posted:

Agree Agree !!! Sifu which one do you prefer ? Sembcorp or Sembmarine ?

niuyear ( Date: 19-Aug-2011 17:22) Posted:

Buy back, is the only sensible thing to do LOL!!!.......they buy, i buy

Good Post Bad Post

19-Aug-2011 17:28

User Research/Opinions / your biggest worries?

Go to Message

x 0

Some say will drop further, others stay optimistic...

Investment trend rules the decision

pharoah88 ( Date: 19-Aug-2011 17:26) Posted:

STI

(SES: ^STI )

Index Value:	2,733.63
Trade Time:	5:10AM EDT
Change:	91.33 (3.23%)

Prev Close:	2,824.96
Open:	2,755.59
Day's Range:	2,729.59 - 2,760.47
52wk Range:	2,720.21 - 3,313.61

Quotes delayed, except where indicated otherwise. Currency in SGD.

Good Post Bad Post

19-Aug-2011 17:27

User Research/Opinions / your biggest worries?

Go to Message

x 0

How to see from outside, which president has big heart

iPunter ( Date: 19-Aug-2011 11:13) Posted:

Languages aside, the best President is the

one who has a heart for the ordinary people

who are suffering hardship in daily life... Smiley

Good Post Bad Post

19-Aug-2011 17:22

Seatrium / Sembmarine

Go to Message

x 0

Buy back, is the only sensible thing to do LOL!!!.......they buy, i buy,

JUNWEI9756 ( Date: 19-Aug-2011 17:19) Posted:

Sembmarine finally bought back their own shares today..

Good Post Bad Post

19-Aug-2011 17:19

User Research/Opinions / your biggest worries?

Go to Message

x 0

Re: More people require financial aid ----

Why?? becos -

Certain % is attributed to ::: OWING $$$ BECOS OF GAMBLING!!

Good Post Bad Post

19-Aug-2011 17:15

Genting Sing / GenSp starts to move up again

Go to Message

x 0

Really? Shall I follow you.

iPunter ( Date: 19-Aug-2011 17:06) Posted:

You are talking about a bull market (market uptrend)...

But this is an established major downtrend ...

where selling on rallies makes more sense than buying on dips... Smiley

niuyear ( Date: 19-Aug-2011 16:54) Posted:

most time, ppl fear dont buy when price dips, even dip to more than 50% also dont want buy,b ut, when cheong,they start to buy. lol!

Good Post Bad Post

19-Aug-2011 17:05

Straits Times Index / STI to cross 3000 boosted by long-term investors

Go to Message

x 0

The most important is one's own " investment trend" !

niuyear ( Date: 19-Aug-2011 16:44) Posted:

So whats the market trend now

iPunter ( Date: 19-Aug-2011 16:36) Posted:

It is good to play by going with the main trend...

Going against the market's main trend is risky... Smiley

Good Post Bad Post

19-Aug-2011 16:54

Genting Sing / GenSp starts to move up again

Go to Message

x 0

most time, ppl fear dont buy when price dips, even dip to more than 50% also dont want buy,b ut, when cheong,they start to buy. lol!

wishbone ( Date: 19-Aug-2011 16:50) Posted:

With many major markets lau sai like no bloody business, even blue chips also can not hold. With more bad market sentiment coming out from US and Europe, don't be surprised more drastic drop may be expected. Hold tight and enjoy the ride of the roller coaster. Scary sia!!!!!!

Smiley

Good Post Bad Post

19-Aug-2011 16:47

Others / Dow Jones - More Volatility?

Go to Message

x 0

Zero interest - where will people put money into with 0 intrest? not bank, but

aka - stock market.

stockmarketmind ( Date: 18-Aug-2011 09:02) Posted:

we shall see, market sentiment is bad, even with sibor rate low, it wont help

pharoah88 ( Date: 18-Aug-2011 08:57) Posted:

All the property and HDB measures

will be DEFEATED by

MAS's record low SIBOR rate today ? ? ? ?

lOw SIBOR helps pushing

property and COE prIces

as well as INFLATION [sO cOst Of living]

hIgher ? ? ? ?

Good Post Bad Post

19-Aug-2011 16:44

Straits Times Index / STI to cross 3000 boosted by long-term investors

Go to Message

x 0

So whats the market trend now

iPunter ( Date: 19-Aug-2011 16:36) Posted:

It is good to play by going with the main trend...

Going against the market's main trend is risky... Smiley

Good Post Bad Post

19-Aug-2011 16:36

Others / Dow Jones - More Volatility?

Go to Message

x 0

SIBOR rate low, more ppl will buy properperty hedging against US$ and stocks.

stockmarketmind ( Date: 18-Aug-2011 09:02) Posted:

we shall see, market sentiment is bad, even with sibor rate low, it wont help

pharoah88 ( Date: 18-Aug-2011 08:57) Posted:

All the property and HDB measures

will be DEFEATED by

MAS's record low SIBOR rate today ? ? ? ?

lOw SIBOR helps pushing

property and COE prIces

as well as INFLATION [sO cOst Of living]

hIgher ? ? ? ?

Good Post Bad Post

First < Newer 341-360 of 4257 Older> Last

ShareJunction Version: 27 Nov 2020 ver - All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.