If you’re looking at Singapore’s booming aerospace industry, the booming real estate market here, or even the increasing number of startups in Singapore. Chances are you’re talking about one thing: International Business Parks. This unique set of parks is a rapidly growing sector in Singapore that has seen spectacular growth over the years. IBP’s can be found all across the Asia Pacific, with many of them located along the service industry corridor that runs through the heart of Southeast Asia. The following facts will help you get to know this country’s growing “IT-hub” industry better:
#1. Singapore’s international business park industry has a strong presence in the Asia Pacific region, especially in China, Taiwan and Japan.
The international business park industry is a global one, with a strong presence in the Asia Pacific. Singapore has the largest number of international business parks in the world, and they are also home to some of the most prestigious ones.
The industry is especially strong in China, Taiwan and Japan. However, it’s growing rapidly all over the world due to its competitive pricing structure and high demand for new business opportunities.
The industry is growing at a rapid rate, and it’s expected to continue doing so for the next few years. Some experts believe that it will be one of the fastest-growing industries in the world over the next decade or two.
#2. Banks and other financial institutions are among the largest investors in the industry.
Banks and other financial institutes are among the largest investors in the industry.
In addition to being attracted to the high returns on investments, banks also have an interest in supporting their firm’s clients’ growth. They provide them with loans at competitive rates.
#3. Many companies also choose to establish their headquarters at an international business park.
Many Firms also choose to establish their headquarters at an international business park. They’re a great place to do so because they often have good infrastructure, including high-speed internet and free parking spaces. Another advantage of setting up shop in an IBP is that the country’s tax laws are less stringent than those found outside of the country. This means there’s less risk associated with relocating your business here.
Also, many International Business Park locations have excellent access to airports and ports. This makes it easy for executives who travel frequently on business trips or vacations.
International Business Park locations are also great places for multinational corporations to establish their headquarters. The reason is simple: They’re often located in countries that have strong economies and stable political environments. As such, they offer the potential for long-term growth changes that may not be available elsewhere in the world. In addition, IBP’s are often close to other major business hubs or financial centres. This makes it easier for companies to do business with one another.
#4. The world’s largest hi-tech development zones are located in Singapore.
The world’s largest hi-tech development zone is located in Singapore. The city-state is home to the world’s largest integrated circuit (IC) design and manufacturing cluster. It is also a major offshore financial centre.
#5. In 2017, there were 21 new International Business Park projects approved.
In 2017, there were 21 new International Business Park projects approved. The average size of these projects was 1 million square feet (Sqft), and each will create about 1,000 jobs.
- In total, the approved International Business Park construction projects have an investment value of USD 1.5 billion. The investment will be used to build 183 apartments and office buildings in Singapore’s International Business Park by 2020.
- The country’s economy has been growing at an annual rate of 3 per cent since 2011. This means that demand for commercial properties has increased significantly over the last three years. As well as demand for services related to these properties such as banking and retailing.
#6. The average foreign workforce at an International Business Park is 140,000 people per year.
- The average foreign workforce at an International Business Park is 140,000 people per year.
- This number has increased from 85,000 in 2010 and 70,000 in 2005.
The most common jobs for foreigners in Indonesia are as teachers, nurses and administrative staff. Also, there are many opportunities for skilled workers like engineers or health care professionals.
#7. This industry generates almost $3 billion in wages every year.
The International Business Park (IBP) industry is a booming sector in Singapore, and it’s a great place for companies to establish headquarters. The IBP industry generates almost $3 billion in wages every year!
The International Business Park (IBP) industry has been growing fast over the past few years because of its low cost of doing business and excellent infrastructure. This means that there are plenty of options for investors who want to take benefit of this exciting market trend by investing in properties within an IBP. This can be done either as an individual property investment or through managed funds with access both directly as well as indirectly through other investments such as shares or bonds issued by firms operating within these parks.
#8. The average value of the property on any given day sits around $1 billion per day in this industry.
The average value of the property on any given day sits around $1 billion per day in this industry. That’s a lot of money!
The fact that there are so many millionaires living in Singapore means that they have more disposable income than ever before. This means they can afford to invest in luxury real estate or buy high-end cars and houses.
It’s not just the millionaires that are buying luxury real estate; it’s also extremely wealthy. In Singapore, you will find many billionaires who own homes in Singapore as well as businesses and other assets. They often choose to purchase properties here because they know that it’s a safe country with a stable economy and low crime rates. This is important if they have business interests elsewhere in Asia or elsewhere in the world.
#9. Almost half of all property transactions at International Business Park are real estate related.
The industry is growing rapidly. Real estate transactions in International Business Park have increased significantly over the past decade. Almost half of all property transactions at International Business Park are related to real estate. This has helped increase the value of properties in this part of Singapore by approximately $10 billion since 2010.
The importance of this industry cannot be understated. It makes up nearly half of all employment across all sectors within Singapore’s economy and accounts for more than one million jobs worldwide (more than any other sector).
#10. International Business Parks are a booming sector that local and international companies have been capitalizing on for years.
International Business Parks are a booming sector. Local and international companies have been capitalizing on this sector for years.
International Business Parks has become an attractive place to do business, invest in property, and even work.
The reasons for this are manifold: International Business Park locations are
- Clean,
- Safe, and
- Convenient.
They also offer good access to transport networks (public buses & taxis) as well as public amenities such as
- shopping malls,
- cinemas/theatres &
- restaurants within walking distance of your home or office.
Depending on where you live or work at an IBP location.
Conclusion
I think the takeaway here is that Singapore’s International Business Park industry is booming and it’s only getting bigger. The development of these parks has been a huge success for the country. I’m sure there are plenty more companies out there looking for places like this to move their business operations.
