Singapore real estate industry was witnessed to accomplish maturity mainstream because the country serves as a worldwide business hub, tourism centre and effective residential housing requirement in the country. The country begun with selling land parcels for commercial improvement and itself became the greatest housing developer. Nonexistence of space and high petition has allowed Singapore to progress into a modern real estate infrastructure pioneer with assorted developments, environment friendly constructions and architectural marvels at the core of real estate. Being a worldwide business hub, Singapore’s commercial real estate space sees foremost foreign investments and increase significant revenues from the occurrence of international players in the market. The effective growth in tourism allows revenue surge for retail as well as hotel real estate. Increasing population and vacationer influx into the country has acceptable Singapore to become one of the most expensive real estate markets around the world with majority of populace living in Government’s HDB properties.
Singapore Real Estate Market Growth is accredited owing to the effective functioning of existing key players. In addition, the private retail space within Singapore real estate market was witnessed to register in terms of available area during the year 2018. The private retail space comprises limited large scale players capturing majority of the market. Some of the leading real estate players comprise operating within the country’s retail space comprising Capitaland, City Development, Frasers Property Ltd., UIC, UOL and United Engineers. All the foremost malls and retail outlets in Singapore are possessed by Private retail players. This comprises the retail space in the aim Orchard area of Singapore which is a retail hub and entirely owned by private players.
Singapore Industry Research Reports states that Singapore International Remittance Market has been analysed to be concerted for banks whereas ascetically fragmented for non-banking institutes during 2018. The market has been situated to be at mature stage. The market entails of banks, money transfer operators, mobile wallets, postal networks as foremost entities wherein it is majorly registered by Banks and MTOs. Prominent business strategies implemented by foremost players to position themselves in the market comprise forming an extensive network & developed reach, new services launched & service innovation and healthier pricing & handy/transparent operations suggested. The market has been propelled by augmented migration, better legislative environment in form of relaxed policies, augmented the awareness towards digitalized remittance services and improvements in digital payment networks & Fintech space. During the next 5 years, players would be enlarging through acquisitions, tie-ups, augmented the digital modes of money transfer such as mobile applications and M-wallets, and lowered cost of sending money and quicker transfer speed.
Singapore international remittance market is greatly concentrated for banks while moderately fragmented for non-banking entities during 2018. There are 5 foremost Banks in the market namely DBS Bank, OCBC Bank, UOB, Bank of China Singapore and Standard Chartered bank. MTOs comprise 5 major names entailing Western Union, MoneyGram, TransferWise, InstaReM and WorldRemit. Foremost competing parameters for the entities comprise fees charged, transfer speed, services suggested, reach of the service providers, payout networks, and trust value committed, technological improvements, promotional suggests and transparency in costs.
Singapore Market Research Reports delivers a comprehensive analysis of the nutraceutical market in Singapore. The research report also covers the entire market size in terms of revenue, segmentation on the basis of product category and channels of circulation for vitamins & dietary supplements, functional beverages and functional foods, trends and improvements, issues and challenges, regulations in Singapore, questions and challenges, value chain analysis, SWOT analysis, entry barriers, competitive scenario and company outlines. The report achieves with market projections and analyst commendations highlighting the foremost opportunities and cautions.
Furthermore, the Online advertising market is disjointed for advertising agencies while it is greatly concentrated for podiums on the basis of ad spent during 2018. Entities are competing on their marketing strategies, analytics utilized, network platforms and sectoral clientele. Some of the foremost advertising agencies functioning within this segment entail Carbon Interactive, Hashmeta, Happy Marketer, Media One, Clickr Media, First Page and several others. Foremost platforms which register the online advertisement spend comprise Google and Facebook, followed by Instagram and several other platforms.
By sectors, FMCG spends the greatest on digital advertisement for its product and services due to intense industry competition and low switching price for the products. This is followed by the Entertainment & Media segment which has greater share in online advertisement expenditure around the country to manage the higher visibility of digital games and online music. Healthcare segment is coming up with innovative medical services and requirement to raise awareness amongst consumers. E-commerce is an emerging segment that will develop at a robust growth with augment in disposable income and increasing preference towards online shopping from traditional brick and mortar model. Automotive and Banking services underwritten a considerable market share in the online advertising expenditure around Singapore.
Not only has this, the Singapore Executive Education market is greatly concentrated. INSEAD is the market leader in EMBA market and NUS has the greatest market share in the Executive MDP market around Singapore on the basis of revenue during the recent past years. Other foremost players on the basis of revenue are Ngee Ann Academy, Nanyang Business School, SMU, ESSEC Asia-Pacific, Management Institute of Singapore and others. In EMBA market, players contend on the basis of types of program suggested (structured/customizable), faculty, fee structure, strategic alliances, number of electives proposed, placements and alumni network. In MDP market, players contend on the basis of Technological Development and Robust Infrastructure, Strategic Alliance and Expertise Knowledge, course structure and faculty.
The key players in the Singapore market are effectively opting the policies of enlargement such as partnership, new product development, amalgamation, joint venture, merger and acquisition, collaboration and several others for ruling around the globe, generating the high percentage of revenue and obtaining the competitive edge. Therefore, during the near years, it is predicted that the markets of Singapore will increase around the globe more effectively over the near future.
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Ankur Gupta, Head Marketing & Communications