Presently,
there has been a surge in the singapore
property prices. As much as there is an excess of demand over supply in
this area of the economy, the shortfall in supply has made a positive supply
price increase to take effect. As it is known that supply is positively related
to price, an adverse supply shock would result in an increase in relative
prices. This adverse shock can be a result of changes in structures, methods,
process, or inputs. For office space in
singapore, the hike in prices has been identified to be a result of
various renovations and changes in the buildings. A preponderance of foreign
businesses, organizations, most importantly, monetary institutions that deal
with finances in the city is another reason for such rise in prices.
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Many a company after years of being in business
would always want to grow beyond their current state. They wish to enjoy
economies of scale. But, this has been somewhat difficult when it comes to
securing the site for a cheap condo for
sale. It is now more difficult to secure a place to erect such offices.
Various organizations have tended towards technologically advanced structures.
Also, owing to the supply shocks in supply, a lot of these businesses have
decided to diffuse their modules operandi.
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