Opportunities for Forest City and Singapore
Due to limited developable land in Singapore, the Economic Development Board of Singapore encourages local multinational corporations to consider the Iskandar Development Region in Malaysia as an economic expansion area to complement their business growth. This collaboration provides Singaporean companies with more opportunities and choices while promoting economic exchange and cooperation between the two countries.
Singaporean companies relocating to the Iskandar Development Region can benefit from incentives provided by the International Enterprise Singapore, including international financing schemes, loan insurance plans, trade credit insurance plans, and political risk insurance. These measures provide additional support and assurance to businesses, making them more competitive and sustainable in the new economic environment.
The Iskandar Development Region has three main attractions for Singaporean companies considering relocation:
- Superior geographic advantage: The Iskandar Development Region is strategically located adjacent to Singapore, which significantly reduces the cost of migration for businesses. Companies can easily manage logistics and supply chain operations and have better access to customers and partners in Singapore.
- Low operating cost advantage: Compared to the high-cost environment in Singapore, land costs in the Iskandar Development Region are only one-third of Singapore’s. Additionally, businesses can enjoy preferential electricity tariffs, discounted rentals, and tax exemptions for up to 10 years provided by the Malaysian government for companies within the region. These factors greatly reduce operational costs, increase competitiveness, and improve profit margins.
- Labor cost advantage: In contrast to the high labor costs in Singapore, labor costs in the Iskandar Development Region are only half of Singapore’s. This saves businesses a significant amount of labor-related expenses and provides them with a wider range of labor options and optimized workforce allocation.
Dual-City Living in Forest City
Singapore is a small country with limited land resources but possesses a strong economic prowess and urban planning capabilities. Forest City, located in Malaysia, offers more abundant land resources compared to Singapore and enhances the living quality of residents by maintaining green areas and increasing the ecological environment resources. Additionally, the financial and commercial developments in Singapore enable Forest City residents to easily enjoy the dual-city lifestyle of both Malaysia and Singapore.
Forest City by Country Garden Pacificview is located near the border of Singapore and Malaysia, offering convenient transportation with just a bridge away from Singapore. Residents can enjoy beautiful green scenery, fresh air, and experience different cultural activities in both Singapore and Malaysia. Furthermore, Forest City provides various high-quality amenities and convenient services, including beautiful parks and gardens, fitness centers, swimming pools, shopping malls, restaurants, and schools. Whether you prefer nature or urban living, Forest City can meet your needs. You can participate in community activities, build friendships with neighbors, and create your own home in this vibrant and culturally diverse community.
FAQ
The Iskandar Development Region has unique geographic advantages, located on transportation routes that facilitate logistics and commercial activities. Additionally, the operating costs in this region are significantly lower, including land rentals and labor costs. This makes conducting business in this region more competitive. Moreover, the Iskandar Development Region has abundant human resources, providing a strong support system and advantages for businesses.
The Iskandar Development Region provides various incentives to support the internationalization of Singaporean companies. These include international financing schemes, loan insurance plans, trade credit insurance plans, and political risk insurance. The international financing schemes provide funding support for expanding overseas businesses. Loan insurance plans mitigate international trade risks, while trade credit insurance plans ensure receivables. Political risk insurance protects against political risks in overseas investments. These measures offer opportunities and safeguards, enabling Singaporean companies to conduct international business with confidence.
Forest City is an ideal residential area that combines abundant green scenery and ecological environment with the financial and commercial developments and excellent urban facilities of Singapore. Here, you can enjoy the beauty of nature, breathe fresh air, and experience modern urban conveniences and diverse lifestyles. You can savor high-quality dining and shopping experiences while easily accessing various cultural and entertainment activities. Whether you prefer nature or city living, Forest City can meet your needs and provide you with a unique and enriching residential experience.
