30 | SINGAPORE
REPORT
www.opp-connect.com |MAY 2013
Country Report: Singapore
Tiny Singapore is a giant in the international property market. Arguably, per head of population, it invests more than anyone else in the world. Yet the city itself is almost unknown to the industry and to investors. Those who visit are stunned by its sophistication. Those who do business there go back for more.
Asia. It is located off the southern tip of the Malay Peninsula, separated from Malaysia by the Johor-Singapore Causeway to the north and from Indonesia’s Riau Islands by the Singapore Strait to the south. It comprises of 63 smaller islands,
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the largest of which are Jurong, Pulau Tekong, Pulau Ubin and Sentosa. Its capital city is Singapore.
“Singapore’s economy is one of the freest, most innovative and most business-friendly”
The country has a tropical rainforest climate, with a wetter monsoon season between November and January. Singapore is highly urbanised, with little primary rainforest remaining, apart from the Bukit Timah Nature Reserve. On-going land reclamation projects intend to create more land for development; the land area of the country has already increased to 704km2 (272 sq. mi).
It has a diverse population of over 5 million – 63% of which are citizens, while the rest are permanent residents or foreign workers. There are four offi cial languages in Singapore:
SIZE Country Singapore USA France UK India China Size (km2) 697 9,826,675 643,801 243,610 3,287,263 9,596,961 Other
Permanent Crops
ingapore, offi cially named the Republic of Singapore, is an island country in South-East
English, Chinese, Malay and Tamil. Singapore’s economy is known as one of the freest, most innovative, most competitive and most business- friendly. It has the world’s third highest per capita income (purchasing power parity) and the highest trade- to-GDP ratio in the world (407.9%) – demonstrating the importance of trade
to its economy. It is the 14th largest exporter and 15th largest importer and has one of the fi ve busiest ports in the world.
Singapore also has the world’s highest percentage of millionaires, with one in six households having at least USD$1 million disposable income. Its currency is the Singapore dollar.
Singapore’s government is a unitary parliamentary constitutional republic, led by President Tony Tan Keng Yam. The country is one of the fi ve founding members of the Association of South East Asian Nations (ASEAN), a host of the APEC Secretariat, and a member of the East Asia Summit, the Non-Aligned Movement, and the Commonwealth.
Land usage Arable
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