In technology start-up, the hardest part is the talent sourcing, and funding, where Singapore trumps, in Asia.
Rental(?), operating cost(?). I have seen tech start-up operating in a private condo unit, with few people, and generating million in revenue...
Based on observation around me, Singapore still a preferred location for start-ups, which required quality human capital, and funding.
(20-07-2015, 11:27 PM)greengiraffe Wrote: [ -> ]Singapore = high fixed costs hot $ centre that is hallowing out of real productive industries...
(20-07-2015, 11:22 PM)Big Toe Wrote: [ -> ]Side track a bit. The formula that got Singapore Inc to where we are today no longer works.
With or without foreign talent, a number of sectors are simply just moving out.
Local firms need to step up. And the ecosystem of start-ups is just not vibrant here. You cant get legal advice, you cant get funding, you cant get anything done even if you have a billion dollar idea. Singapore is a great place to be in the civil service or in one of the protected sectors. Starting something substantial and hoping to get a higher chance of success? Move elsewhere where the start up culture is more accommodating and opportunities are more plentiful.
Do remember Singapore has one of the lowest corporate tax rate in the world (ex-tax heaven countries), huge amount of exemption for new start-up and existing companies, not yet counting potential grants from EDB and Spring. Though rentals and operating costs are high, there are plenty alternatives ranging from SOHO, Business Centres outside CBD, shared office like Regus and Servcorp etc.
With the correction in the Chinese stock market, will the Chinese lose faith in paper assets and come back to the property markets, especially overseas ones. Just a thought.
Property is just a portion of what a start up would need to get things going.
If you have tried starting a business(and plan to grow and have a global audience), and depending on what kind of service/product you are doing, chances are Singapore is not the place.
Even before you can have your own product/service, you will need to obtain the patents/copyright, etc.
Before you can start a business, you need lawyers to draft many agreements including employee contracts, supplier agreements, non disclosure agreements etc etc. Impossible to get this done without funding. And what are the chances of funding in sgp? Extremely low. It is tough to get funding elsewhere but even in places like taiwan, the bigger companies is more likely to invest in a start up than a local sgp company. In U.S. the resources available is much more established.
All in, some small scale businesses is probably ok in sgp. But if serious, go elsewhere, where things can be done more easily and the right resources are available.
EDB/Spring? No kidding? Civil servants evaluating potential businesses, the very same set of people whose goal is an iron rice bowl? Put it this way, I dont think facebook would have gotten $1 from them if they started in sgp. I am not saying they are lousy, they are probably very efficient and honest but just not the right people in the right organization to do it.
"EDB/Spring? No kidding? Civil servants evaluating potential businesses? Put it this way, I dont think facebook would have gotten $1 from them if they started in sgp"!
haha!
your quite right there!
(21-07-2015, 12:26 PM)greengiraffe Wrote: [ -> ]http://www.valuebuddies.com/thread-4912-...#pid116698
(21-07-2015, 12:19 PM)mossie Wrote: [ -> ]With the correction in the Chinese stock market, will the Chinese lose faith in paper assets and come back to the property markets, especially overseas ones. Just a thought.
Chinese developers may be stuck for a while for those iskandar projects especially in the recent era of things happening in malaysia.
(26-08-2015, 01:54 AM)VIS Wrote: [ -> ] (21-07-2015, 12:26 PM)greengiraffe Wrote: [ -> ]http://www.valuebuddies.com/thread-4912-...#pid116698
(21-07-2015, 12:19 PM)mossie Wrote: [ -> ]With the correction in the Chinese stock market, will the Chinese lose faith in paper assets and come back to the property markets, especially overseas ones. Just a thought.
Chinese developers may be stuck for a while for those iskandar projects especially in the recent era of things happening in malaysia.
They will run out of funding eventually and we will have an uncompleted ghost city eyesore when we look across from Sungei Buloh Wetland Reserve.
White Chinese Elephant coming up! (this one cannot be hunted with elephant gun)
(26-08-2015, 08:32 AM)BlueKelah Wrote: [ -> ] (26-08-2015, 01:54 AM)VIS Wrote: [ -> ] (21-07-2015, 12:26 PM)greengiraffe Wrote: [ -> ]http://www.valuebuddies.com/thread-4912-...#pid116698
(21-07-2015, 12:19 PM)mossie Wrote: [ -> ]With the correction in the Chinese stock market, will the Chinese lose faith in paper assets and come back to the property markets, especially overseas ones. Just a thought.
Chinese developers may be stuck for a while for those iskandar projects especially in the recent era of things happening in malaysia.
They will run out of funding eventually and we will have an uncompleted ghost city eyesore when we look across from Sungei Buloh Wetland Reserve.
White Chinese Elephant coming up! (this one cannot be hunted with elephant gun)
I envision a future where the jb LRT will be up, connected to the Thomson line, enabling smoother and faster access, and then these china condos around danga bay will be a cheaper option to stay, work and travel
(26-08-2015, 08:42 AM)jjlim84 Wrote: [ -> ] (26-08-2015, 08:32 AM)BlueKelah Wrote: [ -> ] (26-08-2015, 01:54 AM)VIS Wrote: [ -> ] (21-07-2015, 12:26 PM)greengiraffe Wrote: [ -> ]http://www.valuebuddies.com/thread-4912-...#pid116698
(21-07-2015, 12:19 PM)mossie Wrote: [ -> ]With the correction in the Chinese stock market, will the Chinese lose faith in paper assets and come back to the property markets, especially overseas ones. Just a thought.
Chinese developers may be stuck for a while for those iskandar projects especially in the recent era of things happening in malaysia.
They will run out of funding eventually and we will have an uncompleted ghost city eyesore when we look across from Sungei Buloh Wetland Reserve.
White Chinese Elephant coming up! (this one cannot be hunted with elephant gun)
I envision a future where the jb LRT will be up, connected to the Thomson line, enabling smoother and faster access, and then these china condos around danga bay will be a cheaper option to stay, work and travel
by the trend of self-sabo policies, not surprised if they eventually charge entry tax per pax.
'Smooth and faster access' Msians cannot catch up with efficiency Singaporeans are used to.
And Msians are really bad at maintenance. Our 30 years old HDB flats probably better maintained than their 10 years old condos.
At MYR 3 to 1, maybe it is time to impose the same WP/SP/EP requirements for Msian workers to protect our SG ricebowls.