29 Jan '13, 6am

2012 a record investment year for Singapore | CommercialGuru Singapore

Singapore attracted S$16 billion worth of fixed asset investments in 2012, up 16 percent from the previous year, attributed mainly to strong investor interest and confidence in Asia, according to the Economic Development Board (EDB). In a statement, the government agency said: “This reflects Singapore’s continued attractiveness to businesses. It also demonstrates that Singapore’s positioning as a Global-Asia hub, as well as EDB’s ‘Home’ strategy continue to resonate strongly with companies looking for a strategic base in Asia to drive their business, innovation and talent activities.” The figures beat EDB’s previous forecast of S$13.0 billion to S$15.0 billion. Once fully realised, these investments will create 18,600 skilled jobs and a record S$20.3 billion in value added per annum. “In spite of the uncertain global economy, Singapore’s tight labour market and foreign man...

Full article: http://www.commercialguru.com.sg/property-management-news...

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