Better more than less
Office rents in Singapore are expected to outstrip Hong Kong's by end 2008 and Singapore hotel room rates are projected to triple by 2015!
It's also an indicator of Singapore's vibrant and ever growing economy. According to the Business Times, the demand for space is driven by IPO's, Merger &Aquisition activities and private wealth management-and they are all expected to continue growing.
Singapore is also awaiting an entourage of foreign visitors awaiting the Formula One Circuit, casino-resorts, Universal Studio's theme park and the world's largest ferris wheel.
It's a case of demand outstripping supply. The supply for land or space is not enough to meet demand.
Its a much better fix to be in as compared to having excess land and space that we're sitting around swatting flies and wondering what we are to do with it.
Here's what i mean:
Chairman of City Developments Kwek Leng Beng says the city will be short of hotel rooms as Singapore attracts more tourist to its shores.
The government expects the number of visitors to double to 17 mln by 2015, with tourism spending tripling to S$30 bln.
With regards to office space, the government is currently considering moving some public organisations out of prime office space in the CBD to make way for the private sector.
Yes it may not be fair but at the end of the day money talks.
And so in turn, we'll have hotel rates and office rents rocketing sky high
Our island is small, we may have the capital to build magnificent structures that may draw in the crowds, but we can't run away from the fact that we are on a small island and land is limited.
And exorbitant rates may affect Singapore's competitiveness in drawing foreign investors
However, let's just say we'll cross the bridge when we get to it.
To leave your comments, please log on to investorcentral.blogspot.com
Yeo Sue En
It's also an indicator of Singapore's vibrant and ever growing economy. According to the Business Times, the demand for space is driven by IPO's, Merger &Aquisition activities and private wealth management-and they are all expected to continue growing.
Singapore is also awaiting an entourage of foreign visitors awaiting the Formula One Circuit, casino-resorts, Universal Studio's theme park and the world's largest ferris wheel.
It's a case of demand outstripping supply. The supply for land or space is not enough to meet demand.
Its a much better fix to be in as compared to having excess land and space that we're sitting around swatting flies and wondering what we are to do with it.
Here's what i mean:
Chairman of City Developments Kwek Leng Beng says the city will be short of hotel rooms as Singapore attracts more tourist to its shores.
The government expects the number of visitors to double to 17 mln by 2015, with tourism spending tripling to S$30 bln.
With regards to office space, the government is currently considering moving some public organisations out of prime office space in the CBD to make way for the private sector.
Yes it may not be fair but at the end of the day money talks.
And so in turn, we'll have hotel rates and office rents rocketing sky high
Our island is small, we may have the capital to build magnificent structures that may draw in the crowds, but we can't run away from the fact that we are on a small island and land is limited.
And exorbitant rates may affect Singapore's competitiveness in drawing foreign investors
However, let's just say we'll cross the bridge when we get to it.
To leave your comments, please log on to investorcentral.blogspot.com
Yeo Sue En
Labels: excess, F1, Grand Prix, hotel rates, office rents, tourism
F1 Race in Singapore: Do it
By the time you read this the news may have already broken about whether or not an F1 night race will be staged on the streets of Singapore (announcement expected at 0900 GMT).
I'm going to go out on a limb and say that this would be the best thing to happen to the Singapore sports scene in the nations history, and, the biggest and best opportunity to benefit local businesses that we've seen in a long time. Everyone should be rallying around this in Singapore, especially local businesses, here's why.
There is no single, better opportunity, to pump as much money into the local economy as a major international sporting event.
We've seen what the throngs of thousands of delegates to major international exhibitions and conferences can do to the local economy (case in point: IOC meeting in 2005, IMF/World Bank meetings in 2006).
Sports by in large, are a much bigger draw as you don't have to be credentialed and granted permission to enter, you just need to buy a ticket.
In the United States, cities that host major sporting events such as the Super Bowl, and the NCAA Final Four, all benefit extremely well from such an event.
The thousands of tourists pump millions into the local economy, and local businesses reap the rewards through increased sales, but also exposure that they otherwise wouldn't get.
Even more the case for olympic cities which practically get an "extreme makeover" for the games, and have be known to see an economic turnaround afterwards. Look at the boom in Beijing for next years games. Barcelona is probably the best, most recent example as the city before the games wasn't necessarily high on peoples list of places to visit, thats now an almost must see in Europe.
For Singaporean companies, this is a chance to showcase themselves on the world stage, and any company that invests in advertising and supporting the race here will reap the benefits. I bey maybe 10, 20, maybe 30 fold! (sorry I can't contain my enthusiasm). What a great ROI that would be.
For the country, the economic benefits as well as the image of Singapore as a hub of sporting events globally will be cemented, benefiting everyone I think.
So, we'll find out here in just a matter of hours.
Next up: Singapore for the 2020 olympic games! No I'm not kidding, I think they would be great here.
-Curtis Bergh
ArchivesI'm going to go out on a limb and say that this would be the best thing to happen to the Singapore sports scene in the nations history, and, the biggest and best opportunity to benefit local businesses that we've seen in a long time. Everyone should be rallying around this in Singapore, especially local businesses, here's why.
There is no single, better opportunity, to pump as much money into the local economy as a major international sporting event.
We've seen what the throngs of thousands of delegates to major international exhibitions and conferences can do to the local economy (case in point: IOC meeting in 2005, IMF/World Bank meetings in 2006).
Sports by in large, are a much bigger draw as you don't have to be credentialed and granted permission to enter, you just need to buy a ticket.
In the United States, cities that host major sporting events such as the Super Bowl, and the NCAA Final Four, all benefit extremely well from such an event.
The thousands of tourists pump millions into the local economy, and local businesses reap the rewards through increased sales, but also exposure that they otherwise wouldn't get.
Even more the case for olympic cities which practically get an "extreme makeover" for the games, and have be known to see an economic turnaround afterwards. Look at the boom in Beijing for next years games. Barcelona is probably the best, most recent example as the city before the games wasn't necessarily high on peoples list of places to visit, thats now an almost must see in Europe.
For Singaporean companies, this is a chance to showcase themselves on the world stage, and any company that invests in advertising and supporting the race here will reap the benefits. I bey maybe 10, 20, maybe 30 fold! (sorry I can't contain my enthusiasm). What a great ROI that would be.
For the country, the economic benefits as well as the image of Singapore as a hub of sporting events globally will be cemented, benefiting everyone I think.
So, we'll find out here in just a matter of hours.
Next up: Singapore for the 2020 olympic games! No I'm not kidding, I think they would be great here.
-Curtis Bergh
Labels: F1, Olympics, Racing, Singapore, Sporting Events
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