Webhosting in Singapore

Needless to say, comparing price plans for servers in Singapore to US-based ones, Singapore ones are often more expensive than compared to in the US. I wonder how the local web hosting companies make a profit from them, since its so expensive that not many Singaporeans would want to subscribe to their services - instead, they go for US-based companies where they offer from 2 to 100 times more diskpace and at more than or equal to half their monthly price plans, depending on how much you need. Strange, isn’t it?

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