Singapore is considered the fourth biggest financial centre and is one among the five busiest ports globally. It is among the major commercial hubs of the world. Its globalized economy lays a lot of importance on trade, manufacturing etc which represented 26 percent of the country’s GDP in 2005. It has the third highest per capita income worldwide and is placed highly in terms of economic competitiveness. Here is a rank-wise list of the top 10 companies in Singapore in 2014 based on their market value.
10. CapitaLand Limited
CapitaLand Limited is a real estate company based out of Singapore. It was formed from the merger of Pidmeco Land and DBS Land in November 2000. It is one of the largest real estate companies in Asia. It is primarily into real estate development and financial services pertaining to hospitality and real estate. The company caters to its markets owing to its substantial asset base, real estate domain expertise, product design and development competencies, active capital management strategies and an extensive market network. Geographically, it is focussed in Singapore and mainland of China. However, it also operates in Europe, Australia and the countries affiliated to the Gulf Cooperation Council.
It is the parent company of The Ascott Limited. The company runs one of the largest real estate fund management businesses in Asia. It has four listed Real estate investment trusts- CapitaCommercial Trust, Ascott Residence Trust, CapitaMall Trust and CapitaRetail China Trust. It is also the parent company of Australand, an Australian property group.