Centre of South-East Asia
The Republic of Singapore has been blessed with political stability for decades now. It is a corruption free state and was recently ranked 5th in the Transparency International Corruption Index, after the first four countries of Denmark, Finland, New Zealand and Sweden respectively. Singapore has the most business friendly regulations compared to other countries and has topped the World Bank’s Doing Business rankings for the last several years. It is one of the world’s leading financial countries having more than 600 financial institutions based in the country. The domestic market is only part of the attraction for business people,as it is the hub for all south-east Asian activities and also the hub for countries like India, Malaysia, Vietnam, and Indonesia.
Technology Readiness & Economic Clout
Singapore ranks high in terms of technology readiness, which includes hardware, software, networks and other technology solutions. Currently its ranking is 6th and will no doubt be improved as we see the continued growth in Singapore. As of now the economic clout is led by countries like London, Paris and New York. Singapore is in 6th place after Madrid due to reasons such as a weaker domestic market capitalization of its stock exchange and to some extent lower inflation. However, Singapore is doing significantly well in terms of strength of currency, financial and business opportunities, green field projects and major influx of capital investment.
Health, Security and Safety
It is just behind Tokyo in terms of health system performance which is considered to be a comparative of life expectancy in relation to the cost of healthcare per person. It also has the lowest crime rate and shares its ranking with countries like Abu Dhabi and Hong Kong. In terms of hospitality, stability of political government and end of life care Singapore is fairly placed.
- DUO: It is a future twin-tower comprising of residential and commercial complexes located on the border of Rochor Road and Beach Road in Singapore. After its completion it will play a major role in transforming the new centre for the city.
- Marina One: This development includes a 34-storey high residential building and two 30-storey prime grade A: office towers and a retail podium, the heart, which will be accompanied by lush greenery and landscaping.
- Asia Square: Another twin tower, which is located in Marina Bay and covers 2,000,000 sq. ft. of Grade A office space, a five star hotel containing 280 rooms and 60,000 sq. ft. of retail space.
- South Beach: It is a planned commercial and residential complex to be located on Beach Road in DowntownSingapore. This development will include shops, offices, hotels and residential space.
Major advancements are happening in terms of connecting Singapore via MRT, i.e. the local train or metro service. Some of the advancements include the Downtown Line, Gali Batu Depot, Eastern Region Line, Thomson Line, North South Line Extension, Tuas West Line, Marina Coastal Expressway, Changi Airport Terminal Four, Jurong Region Line, Cross Island Line, Downtown Line Extension, North East Line Extension, and Circle Line Stage 6.