>

>

London, New York, Singapore lead in business environment for tech companies, says Savills

By hockmeng.tay@bizedge.com

March 1, 2015 12:00 AM SGT

Join our Telegram channel and follow our Facebook for the latest update.

Austin, San Francisco and Tel Aviv are the top-ranking cities for tech companies, according to a report by Savills. The firm has identified the 12 global centres at the forefront of tech. While big global centres come up strong for business environment, with New York, Singapore and London as leaders because of their good regulatory environment, access to venture capitalists and investors as well as easy links to other global cities are vital.

In terms of IT skills, tech regulation and infrastructure, Hong Kong, Stockholm and Singapore rank among the highest, with Singapore said to have the fastest broadband speed, at 100Mbps. In fact, smaller cities with their significant creative population offer some things that mega cities do not, including shorter commute time, bike-friendly roads, easier access to amenities, and better work/life balance, but with all the buzz of a large urban centre, according to Savills. For a small tech company with financial backing, securing the right space in the right location is more important than cost. Combining office and residential costs, Savills’ property index shows that Mumbai is the most affordable, with £12 ($25) psf for office rents, whereas London, Hong Kong and Singapore post rents well above £55 psf for established office locations.

This article appeared in the City & Country of Issue 666 (Mar 02) of The Edge Singapore.

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

Luxury living in the new heart of Bukit Timah

5

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00