CoreNet Global rated Singapore and Hong Kong as top cities of choice for international corporates to locate office facilities in Asia-Pacific, with Singapore retaining the top spot for two consecutive years. Singapore received an overwhelming majority (80% of respondents) when it came to greatest advantages for locating offices or facilities in tire region. Projecting into the future, almost the same number (76%) ranked Singapore as the most attractive for commercial real estate in 2020. Among the factors cited as favourable to Singapore include its business-friendly tax and regulatory regime, strong rule of Jaw and accessibility to the fast growing emerging markets of Southeast Asia.
This article appeared in the City & Country of Issue 668 (Mar 16) of The Edge Singapore.