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Exactly how Singapore ended up being a hub for tech startups

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Old 22-11-2017, 10:43 PM
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Default Exactly how Singapore ended up being a hub for tech startups

Certainly, the expanding presence of the technology sector has been a lot more evident in Singapore, as tech companies are seen relocating into streamlined Grade-An office buildings midtown in droves. Based on study carried out by Cushman & Wakefield, new need from financing industry, which has been the traditional office inhabitant, has avoided a market share of 41% in 2013 to 31% in 2014; whereas tech business accounted for around 15% of office demand in 2014, up from 6% in 2013. In absolute terms, this translates to 300,000 square feet of net workplace demand in 2014, increasing that in 2013. Actually, Google's expansion has actually seen its office take-up increasing at 53% y-o-y usually.

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