Top 3 Financial Districts of Singapore – TheWackyDuo.com

Singapore’s high ranking in the global financial market is subject to many factors, including its well-rounded economic positioning. It is the third-leading foreign exchange market and ranked one of the most luxurious property markets. Also, it is worth noting that it has one of the most competitive corporate tax rates of 17%, among other countries. With the country’s global trade growth and economic standing, it has been able to stake a claim as a leading location for industries and regional headquarters in the Asia-Pacific. Here is a detailed article on the top three financial districts housing some of the most giant corporations in Singapore. Raffles Place Raffles place holds a lot of cultural and historical significance to the development of Singapore’s financial economy. After many years of development, it is now the heart of the country’s business and finance center, the Central Business District. The history of Raffles place dates back to Sir Stamford Raffles, the founder of modern Singapore. He initiated the project in 1822, giving instructions that a commercial area be created on the southwest region of the Singapore River. This development took place from 1823 to 1824, and in 1858, it was renamed Raffles Place. Over the years, Raffles Place has become one of the most extensive commerce and finance hubs, and its central location offers excellent connectivity to many other locations. Its skyscrapers house offices of central banks, financial institutions, law firms, and iconic buildings like One Raffles Plaza, Republic Plaza, and UOB. It is home to central banks’ headquarters and regional offices like the Development Bank of Singapore (DBS) and the Oversea-Chinese Banking Corporation (OCBC). Additionally, the underground Mass Rapid Transit station and the Raffles Place MRT station are major primary transport links underneath the center of Raffle Place. Several other vital buildings are nearby, including the Singapore Stock Exchange, the Parliament House, the Supreme Council, and City Hall, which are north across the river and near this financial center. Marina BayMarina Bay is a popular commercial location in the central area of Singapore. Its strategic positioning, prime location, and attractions are why this region has developed into one of the biggest financial centers in the country. Marina Bay is characterized by skyscrapers, hotels, luxury malls, and other large-scale business affairs. It is surrounded by other notable sites like Straight Views, Marina South, East, and the downtown center. Buildings in Marina Bay include: Gardens by the BayMarina Bay SandsMarina Bay Financial Center (MBFC)Asia SquareThe Sail @ Marina Bay and many othersMarina Bay is considered a financial district in Singapore for many reasons, including its prime location, office spaces, integrated development, aesthetic appeal, infrastructure, and global connectivity. The center is in Singapore’s Downtown Core, central to many business districts. Also, it is close to transport nodes like the Marina Bay MRT and other expressways. The high-rise office towers that characterize the marina also make it highly appealing for some financial institutions, multinational corporations, and professional investment firms. Unsurprisingly, investors exploring forex trading in Singapore would have office spaces in this location. Marina Bay isn’t only about business and professionalism; this location is also central to residential, retail, entertainment, and cultural activities. You’ll find the ArtScience museum, malls, luxury hotels, waterfront, The Helix Bridge, a cruise terminal, and many other exciting developments here. These, amongst many others, make Marina Bay the ideal font for businesses and corporations looking to target a broad market audience. Shenton WayShenton Way is a major trunk road mainly serving Singapore’s central area. It is a one-way street that begins at the junction of Boon Tat Street, Raffles Quay, and Commerce Street and finally closes at Keppel Road. Shenton Way is not just another regular road but is well connected to central locations and other public transportation, like the Downtown MRT stations. There are also several financial institutions on this avenue, which is the region famous for being a district in the finance market of Singapore. It hosts banks like Standard Chartered Bank, Citibank, and the Hong Kong and Shanghai Banking Corporation. Shenton Way also accommodates commercial activities and businesses that feature a mix of consulting firms, tech, and real estate developers. The mix of industries in this avenue makes it an ideal location for networking, collaboration, and hosting of events.Maximizing Singapore’s Financial LandscapeWith the detailed overview of these locations, it is clear that these are some of the best places to build a business. If you’re looking to get an office space as an entrepreneur, working space as a freelancer, or a start-up, these locations could be the best places to start. There is also the advantage of getting access to entertainment, accessible transportation, and networking with like-minded people in your fields. 

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