Singapore is a city-state in the south of the Malay Peninsula. After gaining independence from the UK and proclaiming sovereignty in 1963, it has gradually become a global center of trade and commerce. It is among the world’s top 5 cities regarding technologies, finance, trade, oil refining, and one of the most attractive venues for meetings and business events. Furthermore, the city-state is among global leaders for the quality of life. It's also world-famous for its low corruption level and business-friendly environment. Unsurprisingly, it attracts billions of dollars in foreign investment with over 7,000 multinationals operating here. Another reason for international businesses to settle here is the low tax policy which makes Singapore a tax haven.
One of the Four Asian Tigers, the city has outperformed Hong Kong, Taiwan, and South Korea, generating the highest per capita GDP in the region. It also has the highest number of millionaires in the world. If you are interested in office rentals, Singapore offers a striking variety of serviced offices for rent in prime locations. Although the rent prices here might be high, the business premises will meet all your expectations.
Singapore Central Business District overlaps with most of the Central Area (the City), which comprises 12 subareas. It is the commercial heart of the city with the broadest range of commercial spaces for rent. Office rentals Singapore CBD offers are very prestigious and chosen by the most successful domestic and international market players. Raffles Place area in CBD, also known as the Wall Street of Singapore, is the most coveted location for workspace lease, particularly popular with financial and service companies. River Valley offers both the chicest serviced offices in Singapore and excellent shopping experience. Tanjong Pagar/Anson Road has both modern and old office buildings, such as Capital Tower, International Plaza, and Amara Corporate Tower. River Valley, Orchard Road, Marina Bay and Suntec city areas have A-grade commercial properties for rent, excellent infrastructure, and multiple shopping and entertainment options. Marina Bay Financial Centre (MBFC) is the new business hub, where business tenants are mostly banks and financial companies.
Singapore has a very high population density. The majority of its citizens live in high-rise houses - 4,300 in total, with 80 skyscrapers. The record-breaker here is Tanjong Pagar Center, which is 290 meters tall and exceeds the official limit by 10 meters. One of the reasons for the height limitations in Singapore is the fast air traffic. 67-story UOB Plaza One, the 66-story Republic Plaza, and the 63-story One Raffles Place follow Tanjong Pagar Center closely - all of them are 280 meters high.
Singapore is located on one main island and 63 small ones, most of which are uninhabited. The city-state is now experiencing rapid population growth. According to government forecasts, migrants will constitute half of its residents by 2030. The city-state makes a lot of efforts to expand living space for the citizens through land reclamation. However, decreasing industrial pollution and introducing new environment-friendly technologies are among top priorities, too. It is evident that the demand for office rental in Singapore will be rising. Serviced offices Singapore offers have so many advantages that more and more entrepreneurs will select them as the home for their business in the future.