Key Industries
How far can a small island country without any natural resources go? While Singapore has large industries such as ship-building, it has advanced electronics products such as precision-engineering and semi-conductors manufacturing industries too. The economic powerhouse can flex its muscle into construction, pharmaceutical, bio-medical and chemicals industries too. Besides all these good news, it goes under huge pressure when economies perform poorly in its export destination countries because its manufacturing industries heavily depend on exports. The manufacturing sector contributes anywhere from 20% to 30% to Singapore's GDP annually. Do not overlook the fact that manufacturing industries create more jobs than service industries given the same amount of investment.
Its diverse service sector includes (a) wholesale and retail (b) tourism and (c) financial and business services. It still has a lot more space for new entrepreneurs. So, both of its manufacturing and service sectors are continuously growing.
There are sunnier days waiting ahead. Experts think Singapore will be doing even better in the coming years. The financial service industry is the most powerful industry out of all service industries. Believe it or not, every major US or European bank has its Asian headquarter in Singapore. These banks surely play by the billions and must not operate in low quality places. Why are these international banks and other multi-national investment firms coming here? The reason is –they get all in one place – right knowledge, technology and skills to support these industries smoothly. Only one economy can challenge Singapore’s economy in Asia. It is Hong Kong.
Some other important but emerging industries are education, health-care, information and communications technology, media and casino.
Infrastructure
Do you need some commercial space or do you need a lot of commercial space? Does the space need to be in high-rise and/or low-rise buildings? None of them is a problem at all. Commercial ready spaces are available in the Central Business District and other parts of the town. If you are looking for industrial plots, these are available too. The industrial plots and commercial spaces are suitable for almost any type of business.
The total number of mobile phone subscribers has exceeded its total number of population. When North Korea has totally restricted public internet access and many other countries are struggling to make internet available outside the main cities, 99% Singaporean people are online by now and the government is trying to make it 100%. National “free” Wi-Fi internet service is available in hot spots such as Changi Airport, fast-food restaurants, coffee chains and other places. Do not underestimate “free” internet access over such large areas as it is “free” because the Internet is still not only highly expensive but also slow in major areas of this world.
“Singapore has been incredibly well-managed. It was created out of the swamp, with a strong emotional idea: a safe place for mostly Chinese, but accepting other cultures and other races.”
– Nicolas Berggruen
You will really love the smooth, broad, well-planned, beautiful and highly safe roads of Singapore. In many countries, people often take a risky free journey on top of trains. Did you ever see people from many other nations travel on the top of buses because it is less expensive? But it is less than imaginable here in Singapore. The transport system of Singapore is safe, efficient and punctual. It has more than 3,000 kilometers of paved highways. Call a taxi and tell the driver where you want to go. The driver will take you anywhere in the country. Besides excellent bus and taxi transportation systems, it has both mass rapid transit and light rail lines.
The Changi International Airport is connected to 182 cities in 57 countries. More than 4,000 weekly flights are transporting passengers and cargos worldwide. This means a flight starts every two and half minutes on average.
Once upon a time, Singapore was a colony. Since that time, Singapore had a well-developed commercial and military seaport. But today it has even better seaport, the busiest seaport in the world. It is hard to imagine that you can send your goods or bring in good from 600 ports in 123 countries and more than 200 shipping lines are there to help you. Travel to the port anytime if you want to see 1,000 docked ships. How many ships are really arriving and leaving the port if 1,000 ships are docked at given time? Trust me or not, Singapore has the busiest container port in the world.
How far can a small island country without any natural resources go? While Singapore has large industries such as ship-building, it has advanced electronics products such as precision-engineering and semi-conductors manufacturing industries too. The economic powerhouse can flex its muscle into construction, pharmaceutical, bio-medical and chemicals industries too. Besides all these good news, it goes under huge pressure when economies perform poorly in its export destination countries because its manufacturing industries heavily depend on exports. The manufacturing sector contributes anywhere from 20% to 30% to Singapore's GDP annually. Do not overlook the fact that manufacturing industries create more jobs than service industries given the same amount of investment.
Its diverse service sector includes (a) wholesale and retail (b) tourism and (c) financial and business services. It still has a lot more space for new entrepreneurs. So, both of its manufacturing and service sectors are continuously growing.
There are sunnier days waiting ahead. Experts think Singapore will be doing even better in the coming years. The financial service industry is the most powerful industry out of all service industries. Believe it or not, every major US or European bank has its Asian headquarter in Singapore. These banks surely play by the billions and must not operate in low quality places. Why are these international banks and other multi-national investment firms coming here? The reason is –they get all in one place – right knowledge, technology and skills to support these industries smoothly. Only one economy can challenge Singapore’s economy in Asia. It is Hong Kong.
Some other important but emerging industries are education, health-care, information and communications technology, media and casino.
Infrastructure
Do you need some commercial space or do you need a lot of commercial space? Does the space need to be in high-rise and/or low-rise buildings? None of them is a problem at all. Commercial ready spaces are available in the Central Business District and other parts of the town. If you are looking for industrial plots, these are available too. The industrial plots and commercial spaces are suitable for almost any type of business.
The total number of mobile phone subscribers has exceeded its total number of population. When North Korea has totally restricted public internet access and many other countries are struggling to make internet available outside the main cities, 99% Singaporean people are online by now and the government is trying to make it 100%. National “free” Wi-Fi internet service is available in hot spots such as Changi Airport, fast-food restaurants, coffee chains and other places. Do not underestimate “free” internet access over such large areas as it is “free” because the Internet is still not only highly expensive but also slow in major areas of this world.
“Singapore has been incredibly well-managed. It was created out of the swamp, with a strong emotional idea: a safe place for mostly Chinese, but accepting other cultures and other races.”
– Nicolas Berggruen
You will really love the smooth, broad, well-planned, beautiful and highly safe roads of Singapore. In many countries, people often take a risky free journey on top of trains. Did you ever see people from many other nations travel on the top of buses because it is less expensive? But it is less than imaginable here in Singapore. The transport system of Singapore is safe, efficient and punctual. It has more than 3,000 kilometers of paved highways. Call a taxi and tell the driver where you want to go. The driver will take you anywhere in the country. Besides excellent bus and taxi transportation systems, it has both mass rapid transit and light rail lines.
The Changi International Airport is connected to 182 cities in 57 countries. More than 4,000 weekly flights are transporting passengers and cargos worldwide. This means a flight starts every two and half minutes on average.
Once upon a time, Singapore was a colony. Since that time, Singapore had a well-developed commercial and military seaport. But today it has even better seaport, the busiest seaport in the world. It is hard to imagine that you can send your goods or bring in good from 600 ports in 123 countries and more than 200 shipping lines are there to help you. Travel to the port anytime if you want to see 1,000 docked ships. How many ships are really arriving and leaving the port if 1,000 ships are docked at given time? Trust me or not, Singapore has the busiest container port in the world.