News: US firms unhappy over Singapore housing costs
US companies in Singapore are unhappy with housing prices in the city-state, according to a survey conducted by the US Chamber of Commerce and the American Chamber of Commerce (AmCham).
The survey, which polled senior executives of US companies, revealed that 77 percent of respondents are dissatisfied with housing costs, making it the factor they are most displeased with.
This matches the findings of last year’s survey, whereby 77 percent of American business executives deemed housing costs as the factor they were most unhappy with in Singapore.
In addition, 48 percent of respondents are dissatisfied with office leasing costs, while 40 percent are displeased with the availability of low-cost labour.
But US companies are quite happy with personal security in the country, with 96 percent of respondents being positive, compared with 84 percent last year. Aside from that, 94 percent are content with Singapore’s stable government compared to 89 percent last year.
Overall, US companies are satisfied with Singapore’s tax structure, lack of corruption, availability of trained personnel, movement of goods, and its laws and regulations.
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