Of the 268 business companies surveyed, 97 per cent indicated that employees exhibited visible anxiety and psychological distress over rising rents in Singapore Photo: Xinhua
Singapore ‘will lose its attractiveness’ to foreign firms if rising costs continue, European businesses warn
- Seven in 10 businesses are now considering relocating personnel out of Singapore, a survey by the European Chamber of Commerce in the city state found
- Residential rent increases of more than 40 per cent were cited as a reason in the report, alongside rising general costs caused by inflation
Of the 268 business companies surveyed, 97 per cent indicated that employees exhibited visible anxiety and psychological distress over rising rents in Singapore Photo: Xinhua
