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Government Taxed too high but blames citizens for demanding high salaries !
But taxes always appear low . But hidden costs are everywhere .
Bottlenecks are hidden costs .
Mar 30, 2010
S'pore now a costlier choice
By Joyce Teo
SINGAPORE is becoming a relatively more expensive location for businesses to site their warehouses.
According to a survey of 139 cities worldwide conducted by Colliers International, the Republic was the ninth most expensive city for prime logistics space during the second half of last year, even though rents remained stable.
In the previous six-month period, Singapore had ranked 14th.
The Colliers report cites the Singapore dollar strengthening against the US dollar and larger falls in rents in cities such as Seoul, Sao Paolo and Honolulu, as key reasons for the city state becoming more expensive relative to other locations.
In the second half of 2009, rents for prime warehouse space in the Macpherson area remained relatively stable at about $1.50 per sq ft (psf) per month.
Warehouse space made up about 18.7 per cent of total industrial space in Singapore as of end-December last year.
But taxes always appear low . But hidden costs are everywhere .
Bottlenecks are hidden costs .
Mar 30, 2010
S'pore now a costlier choice
By Joyce Teo
SINGAPORE is becoming a relatively more expensive location for businesses to site their warehouses.
According to a survey of 139 cities worldwide conducted by Colliers International, the Republic was the ninth most expensive city for prime logistics space during the second half of last year, even though rents remained stable.
In the previous six-month period, Singapore had ranked 14th.
The Colliers report cites the Singapore dollar strengthening against the US dollar and larger falls in rents in cities such as Seoul, Sao Paolo and Honolulu, as key reasons for the city state becoming more expensive relative to other locations.
In the second half of 2009, rents for prime warehouse space in the Macpherson area remained relatively stable at about $1.50 per sq ft (psf) per month.
Warehouse space made up about 18.7 per cent of total industrial space in Singapore as of end-December last year.
