CBD Singapore also known as central business district of Singapore is the financial and economic core of Singapore. Featuring tall and shiny buildings, fantastic hotels, gourmet restaurants, and large companies, the CBD is rather optimistic and globalized. Taking office space in this colorful area is not without a number of benefits which can be of value to organizations in the following ways. Here are some of the key benefits:Here are some of the key benefits:
Prestige & Reputation
Getting an address in CBD has the added advantage of giving any company a more prestigious feel and an extra marketing point for the firm. The CBD boasts of hosting many big firms, especially in the banking sector, law firms, technology companies, among other bigger firms. The present company looks as if it would benefit from being situated among these prestigious institutions because it improves its brand image and thus the credibility of the business among customers and business partners. It is also efficient when conducting business in the sharp-looking boardrooms within the CBD area as it provides a first impression when engaging the clients.
Access to Talent Pool
The area of the Singapore’s CBD is a great advantage since there is a large pool of talented people. As many professionals with certain skills commute to work in other parts of the region, there is a ready market of qualified workers that can be harnessed by businesses in the district. Whether it be experience managers, lawyers and bankers, or technical specialists and creative marketing gurus, the talent is there amongst the qualified candidates of the CBD. Such access makes it easy for companies to expand its teams as they expand due to the availability of a large talent pool to draw from.
Networking Opportunities
Opportunity to interact with prominent companies, executives and potential partners and investors is priceless. From meeting and greeting new people in the elevator to business meetings sponsored by the CBD – it was business connection that leads to growth in business. There are higher chances of contract closures if the decision-makers interact often. There are also conference and seminars that are held frequently, which provides the right channel for this influential interaction.
Transportation Convenience
The infrastructure that is provided in Singapore means that the CBD is incredibly easily accessible and well-connected. Transportation is easily available with efficient public transport such as the MRT subway system for commuting to the workplace. If clients or partners are flying in – Singapore Changi International airport is only 30 minutes away. Also, roads, bridges, and tunnels connect directly to the district. This helps to curb time wastage through transit in a bid to commence meetings at the planned time. It brings connection that allows business to be done at a very fast manner.
Lifestyle Amenities
It is also evident that most of the employees work for longer hours especially in the CBD. Thankfully, dining, fitness, leisure and personal services are of the highest quality one can find for professionals seeking a break in the heart of the downtown area. Lau Pa Sat has tasty hawker foods while a luxurious supper at Marina Bay is not a problem at all. To jog, the Marina Bay Promenade is a good area, which has a jogging track with magnificent city views. To relax – the famous Raffles hotel remains the epitome of class and sophistication for business meetings over a drink or casual business discussions past sunset.
Spur Innovation & Creativity
Generation of ideas takes places when creative brains meet. It is seen that environment of the CBD generally fosters creation. Influenced by the amiable, dynamic atmosphere and tempo, the companies can further develop their competencies through engagement with other technologically advanced co-tenants. Other aspects of working environments include member networking sessions and talk, which are available in the JustCo working environment. These creativity-based ecosystems can help create new and innovative ideas and ways of gaining a competitive advantage.
Impact Business Operations
Hence, the revenue, access and connectivity that a company’s brand is given a boost by a CBD office— a company’s performance is real. Customers are more interested, prospects are warmer, the acquisition of talent is excellent – all leading to better sales. Operations can easily grow with the district due to its excellent physical facilities. The geographical position enables organisations to position it strategically and therefore have the best chance of capitalising on the opportunities available.
The people, skills, links and communication and physical structure leverage the vibrancy of Singapore’s CBD and provide business opportunities. Any enterprise that is looking for a way to further its growth in Asia should also consider renting an office in the up and coming neighborhood. This location will prove to be very strategic since the center of all the action will be right here.
