How To Get Started On Your Singapore Business Location
As soon as deciding that you are willing to invest in a new business in Singapore, you will need to plan on the other important details that go with it. Your businesses are is bound to be one of your greatest concerns.
Singapore offers investors and entrepreneurs with a variety of location choices depending on their industry. Efficient zoning in the entire country will also assure maximum efficiency in location.
According to the Singapore Economic Development Board, there are many developers in the industrial space market, among which are Ascendas, Mapletree, and Soilbuild which offer contemporary space options for offices, factories, and just about any type of space possible.
For those needing industrial land, the government institution to look for is HDB, or the Housing Development Board, as well as JTC Corporation. These two can provide businesses with the land they require, especially for those engaging in high value-added industrial activities.
An advantage of tapping EDB-recommended industrial space suppliers is that they are proven reliable and have practices that are approved by the board. The EDB took JTC Corporation’s case for instance: JTC’s multi-tenanted Surface Engineering Hub, it said, has the ability to reduce effectively both the water and carbon footprints of companies that are into electroplating.
EDB has highlighted the concept of specialised industrial parks as well—something that JTC has been able to construct in the past—for their role in aiding industries to work more efficiently together in a single cluster. This technique in space management, it said, remains “a cornerstone of Singapore’s industrial development.”
Multinational companies seeking a presence in Singapore may also tap overseas industrial parks, which serve as their gateway into the country. Ascendant and Sembcorp Development are just two of several developers of this type of space.