Asia’s growth has been unparalleled these few years, rendering Asian economies as veritable force to be reckoned with. Intense globalisation had been the growth catalyst for these economies, and while globalisation has been slowing down, the increasing interconnectivity of world economies is unlikely to end soon. World economies are now tightly and intricately interlaced, unveiling a multitude of opportunities for growth previously untapped upon. While Asian economies are unlikely to see the glory of their pre-crisis heydays, Asia’s business hubs have been showing prodigious potential in becoming the hotbeds for companies both small and large.
Of all Asian economies, Singapore has proven to be a prime location for aspiring global businesses. The business climate in Singapore is vibrant, and deeply embedded is a robust entrepreneurial ecosystem backed by business friendly systems. Singapore’s hallmark stability and security has established her as the ideal destination for both large firms and start ups seeking to kickstart their businesses.
However, despite these promising conditions, the competitiveness of the economy and high costs could prove to be challenges. For instance, Singapore sees one of Asia’s most expensive rental space markets. CityHub can help firms circumvent these challenges so that businesses can concentrate on ensuring their success in Singapore. The absence of downtime and the efficiency provided by serviced and virtual offices allow companies to enter the market affordably, quickly and conveniently. Without these worries, businesses can enjoy even greater productivity in targeting their entry and success into the market.
The difficulties of entering Singapore’s market should not deter and discourage, for the vast potential of her economy leaves much to be gained. Companies that flourish in Singapore can then not only ride on the coattails of the success of Singapore’s globalised economy, but also seek to use Singapore as a launching pad into other world economies.