SINGAPORE: Singapore has solidified its status as a premier hub for life sciences in the Asia-Pacific region, dominating investment activity during the first nine months of 2024 .
According to a recent report from JLL, the city-state has witnessed a surge in life sciences initiatives bolstered by government support to foster growth in this vital sector.
This investment reflects the increasing interest from regional investors in Singapore’s burgeoning life sciences landscape. This portfolio, currently leased to companies in the life sciences, technology, advanced manufacturing, and logistics sectors, underscores the growing demand for dedicated spaces catering to these industries.JLL’s report highlights Singapore’s strengths, noting its global leadership in innovation and the concentration of talent as key factors attracting multinational life sciences firms seeking to establish research and development and corporate headquarters in the city.
To navigate this competitive landscape, JLL suggests that investors could capitalize on opportunities by converting existing industrial properties into specialized laboratory spaces or by engaging in sale and leaseback transactions.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CNA Explains: Why Singapore and Southeast Asia could see a wetter, rainier end to 2024What does it have to do with the La Nina phenomenon and will it lead to more flooding?
Read more »
Singapore achieves impressive eighth-place finish at World Masters Hockey World Cup 2024 Singapore News -%
Read more »
Singapore’s CPF ranks 5th in the 2024 Mercer CFA Institute Global Pension Index Singapore News%
Read more »
Singapore’s economy shows strong recovery in Q3 2024 as key sectors rebound Singapore News%
Read more »
Singapore core inflation expected to cool to 3-year low by end-2024: MASIn 2025, lower import prices and slower domestic wage growth should keep inflation down.
Read more »
ChatGPT maker OpenAI to set up office in Singapore by end of 2024SINGAPORE — ChatGPT-maker OpenAI, the San Francisco-based company synonymous with bringing generative artificial intelligence (AI) into the spotlight, will open its second office in Asia in Singapore later in 2024.
Read more »