{"id":110074,"date":"2019-08-21T09:27:08","date_gmt":"2019-08-21T02:27:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-attracted-8-1b-in-investments-despite-global-uncertainties\/"},"modified":"2019-08-21T10:02:57","modified_gmt":"2019-08-21T03:02:57","slug":"singapore-attracted-8-1b-in-investments-despite-global-uncertainties","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-attracted-8-1b-in-investments-despite-global-uncertainties\/","title":{"rendered":"Singapore attracted $8.1b in investments despite global uncertainties"},"content":{"rendered":"


\nThe figure already falls within The Economic Development Board\u2019s (EDB) $8 billion to $10 billion full year forecast and is also way higher compared to the $5.3 billion fixed asset investment (FAI) commitments posted over the same period last year.
\nSingapore continued to attract investments even as its economy came to a near standstill in the second quarter on the back of trade tensions and other global uncertainties.
\nThe Economic Development Board\u2019s (EDB) second quarter economic report showed that the city-state attracted nearly $8.1 billion in fixed asset investment (FAI) commitments in the first six months of 2019, reported CNA.
\nThe figure already falls within EDB\u2019s $8 billion to $10 billion full year forecast and is also way higher compared to the $5.3 billion FAI commitments posted over the same period last year.
\nGeographically, the US along with Europe and Singapore are the top three sources of FAI commitments, accounting for 43.2 percent, 34.6 percent and 13.6 percent respectively.
\nEconomists attributed the strong FAI figure for this year to Singapore\u2019s attractiveness as a place for global multinational corporations (MNCs).
\nThis includes factors such as the city-state\u2019s political stability, business-friendly environment, skilled workforce as well as well-developed infrastructure and connectivity.
\n\u201cSingapore has always been attractive to MNCs but the trade war, which has resulted in companies re-shuffling their regional supply chains in response, has intensified the interest into the region and Singapore,\u201d said DBS senior economist Irvin Seah.
\nIn concurring, CIMB Bank economist Song Seng Wun, said: \u201cBecause of the uncertainties, Singapore as a \u2018neutral zone\u2019 continues to be attractive for businesses, especially for big-ticket items.\u201d
\n\u201cCompanies are looking at the long run and obviously you think about where you want to position yourself when the cycle turns,\u201d he added.
\nIn February, EDB chairman Beh Swan Gin had said that he expects Singapore\u2019s investment pipeline for this year to remain resilient despite significant uncertainties.
\n\u201cThe good news is that on the investment front, Singapore continues to be very attractive,\u201d he said when asked if EDB\u2019s forecast will be revised considering the challenging economic environment.
\nHe explained that while companies may display \u201ca certain lag\u201d in decision making, especially on big investments, he still expects these to \u201cflow through\u201d this year.
\n\u201cWe will continue to see these investments come to fruition, so we expect fully to be able to meet the forecast that we shared at the start of 2019.\u201d
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore attracted .1b in investments despite global uncertainties<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The figure already falls within The Economic Development Board\u2019s (EDB) $8 billion to $10 billion...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-110074","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sDo","jetpack-related-posts":[{"id":122410,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-sees-7-5bil-in-real-estate-investment-deals-in-q3\/","url_meta":{"origin":110074,"position":0},"title":"Singapore sees $7.5bil in real estate investment deals in Q3","date":"October 6, 2021","format":false,"excerpt":"\r Real estate investment deals in Q3 2021 saw a 38.7% growth quarter-on-quarter, and a 58.1% increase year-on-year. 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