Private companies in the recent economy downturn are known to be tightening their belt. Some have even relocated their offices from prime location to outside the city area.
Surprise, surprise - government sectors seems to be moving in the opposite direction. Some have taken up office space in up market location such as No 1 Marina Boulevard. They are even located on the higher floor which rental is steeper.
Could it be private companies are more cost conscious since they have to generate income for survival and answer to share holders ?
Government sector ? Well, most of them do not need to generate income and have no shareholders to answer to. Besides they are using tax payers money which is easy to come by with our many creative taxing schemes....GST, ERP, COE.....