{"id":1975,"date":"2023-02-10T16:53:41","date_gmt":"2023-02-10T11:23:41","guid":{"rendered":"https:\/\/www.orderz.sg\/blog\/?p=1975"},"modified":"2025-07-10T14:24:46","modified_gmt":"2025-07-10T08:54:46","slug":"top-10-facts-about-singapores-booming-international-business-park-industry","status":"publish","type":"post","link":"https:\/\/www.orderz.sg\/blog\/business\/top-10-facts-about-singapores-booming-international-business-park-industry\/","title":{"rendered":"Top 10 Facts About Singapore’s Booming International Business Park Industry"},"content":{"rendered":"

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If you’re looking at Singapore’s booming aerospace industry, the booming real estate market here, or even the increasing number of startups in Singapore. Chances are you’re talking about one thing: International Business Parks. This unique set of parks is a rapidly growing sector in Singapore that has seen spectacular growth over the years. IBP’s can be found all across the Asia Pacific, with many of them located along the service industry corridor that runs through the heart of Southeast Asia. The following facts will help you get to know this country’s growing “IT-hub” industry better:<\/span><\/p>\n

#1. Singapore’s international business park industry has a strong presence in the Asia Pacific region, especially in China, Taiwan and Japan.<\/span><\/h2>\n

\"Singapore's<\/span><\/p>\n

The international business park industry is a global one, with a strong presence in the Asia Pacific. Singapore has the largest number of international business<\/a> parks in the world, and they are also home to some of the most prestigious ones.<\/span><\/p>\n

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The industry is especially strong in China, Taiwan and Japan. However, it’s growing rapidly all over the world due to its competitive pricing structure and high demand for new business opportunities.<\/span><\/p>\n

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The industry is growing at a rapid rate, and it’s expected to continue doing so for the next few years. Some experts believe that it will be one of the fastest-growing industries in the world over the next decade or two.<\/span><\/p>\n

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#2. Banks and other financial institutions are among the largest investors in the industry.<\/span><\/h2>\n

\"Financial<\/span><\/p>\n

Banks and other financial institutes are among the largest investors in the industry.<\/span><\/p>\n

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In addition to being attracted to the high returns on investments, banks also have an interest in supporting their firm’s clients\u2019 growth. They provide them with loans at competitive rates.<\/span><\/p>\n

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#3. Many companies also choose to establish their headquarters at an international business park.<\/span><\/h2>\n

\"Headquarters<\/span><\/p>\n

Many Firms also choose to establish their headquarters at an international business park. They’re a great place to do so because they often have good infrastructure, including high-speed internet and free parking spaces. Another advantage of setting up shop in an IBP is that the country’s tax laws are less stringent than those found outside of the country. This means there’s less risk associated with relocating your business here.<\/span><\/p>\n

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Also, many International Business Park locations have excellent access to airports and ports. This makes it easy for executives who travel frequently on business trips or vacations.<\/span><\/p>\n

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International Business Park locations are also great places for multinational corporations to establish their headquarters. The reason is simple: They’re often located in countries that have strong economies and stable political environments. As such, they offer the potential for long-term growth changes that may not be available elsewhere in the world. In addition, IBP’s are often close to other major business hubs or financial centres. This makes it easier for companies to do business with one another.<\/span><\/p>\n

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#4. The world’s largest hi-tech development zones are located in Singapore.<\/span><\/h2>\n

\"Hi-tech<\/span><\/p>\n

The world\u2019s largest hi-tech development zone is located in Singapore. The city-state is home to the world’s largest integrated circuit (IC) design and manufacturing cluster. It is also a major offshore financial centre.<\/span><\/p>\n

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#5. In 2017, there were 21 new International Business Park projects approved.<\/span><\/h2>\n

\"New<\/span><\/p>\n

In 2017, there were 21 new International Business Park projects approved. The average size of these projects was 1 million square feet (Sqft), and each will create about 1,000 jobs.<\/span><\/p>\n

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