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Explore new ways to widen ownership of Singapore homes and commercial property

Leslie Yee

Leslie Yee

Published Mon, Mar 27, 2023 · 03:07 PM
    • More can be done to share gains accruing to real estate from Singapore being a top global city by widening property ownership here.
    • More can be done to share gains accruing to real estate from Singapore being a top global city by widening property ownership here. PHOTO: BT FILE

    IN 2007, Google opened its first office in South-east Asia, in Singapore’s Collyer Quay, with 24 employees. At an event marking its 15th year here in August 2022, the tech giant said its Asia-Pacific headquarters in Singapore housed 3,000 staff serving the region.

    Google announced its first data centre in Singapore in 2011. By 2022, Google’s third data centre facility in Jurong was completed and in operation. Put together, Google’s data centres represent a long-term investment here of US$850 million.

    Early this year, Google laid off about 190 employees here as part of a worldwide retrenchment exercise. The group will give up part of the space it leases at Alexandra Technopark from Feb 20, 2024. 

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