Singapore's commercial real estate market rebounded sharply in 2021 with $9.6 billion in deals recorded across all property types as of mid-December, up from $3.2 billion in pandemic-struck 2020.
Arguably, the most eye-catching hallmark of this ecosystem is its population of current and former unicorns. Collectively, Singapore has been home to ten unicorns, three of which have offered an IPO.
Businesses have made that leap to remote working, which has major implications for office space in Singapore and could accelerate trends already underway.
Southeast Asia, where millions of people are underbanked, presents an opportunity for providers of virtual banking services, especially loans. The market for lending via digital channels is expected to more than quadruple to $110 billion by 2025.
Singapore may be the best place to start a private equity firm, according to David Rubenstein, co-founder of industry heavyweight Carlyle Group, who expects Asia-based firms to be faster-growing than their Western counterparts.
Vietnam's startup sector is growing at a rapid clip despite the global economic slump, as it closes the gap with regional leaders Indonesia and Singapore.
GIC, Singapore's sovereign wealth fund, says it's investing in countries such as Vietnam to cushion the impact from heightened political uncertainty.
Amid brewing trade tensions, high asset valuations and slowing global growth, Singapore's sovereign wealth fund GIC is hoping to tide over the challenging investment climate by sharpening its focus on alternative assets such as private equity and real estate.
Singapore exceeded its forecast for investment commitments recently by attracting $10.9 billion. Self-driving cars bearing a "Made in Singapore" stamp are among initiatives that could add to this push.
It creates a situation in which unlisted companies, free of the constraints of quarterly reporting, are more able to focus on long-term growth, thereby stabilizing the economy.