Property prices not top concern for companies

by Romesh Navaratnarajah The majority of companies with their regional headquarters in Singapore do not see property prices as an issue, but more than half see the high cost of living/inflation as a major issue, according to the 2013 Asia Business Outlook Survey by the Economist Corporate Network.

Specifically, 52 percent of respondents said the high cost of living/inflation is a major issue that could force companies to relocate, while 48 percent said this is not a concern.

On the other hand, a surprising 62 percent of those polled did not see property prices as a major issue, while 38 percent thought otherwise.

Over in Hong Kong, 42 percent of companies are concerned about property prices, followed by the high cost of living/inflation (41 percent).

According to the report, Singapore and Hong Kong will remain attractive places to create platforms for managing regional operations, with both hubs expected to retain their important roles.Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@allproperty.com.sg

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