Despite this, the study pointed out that Singapore still offers some of the highest expatriate salary and benefits packages in the region, with some of the lowest tax rates.
ICA says that it will continue conducting security checks on passengers and vehicles at checkpoints to prevent contrabands from going into the city-state.
According to JLL Singapore, the engine of growth for the private investment market sales was the office sector, whose investment sales took the lion share of 47.5%, worth $2.12b.