ASEAN KEY DESTINATIONS
S’pore beats Tokyo as best city in Asia
SINGAPORE is Asia's top-ranked city across a broad range of indicators, beating Tokyo to take the third place worldwide, according to a report by real estate firm JLL and The Business of Cities, a London-based intelligence and strategy group.
The report, which analyses over 200 globally recognised city performance studies, reveals that Singapore has overtaken Tokyo, Asia's leader, in higher education, mobility, science, broadband and technology.
The Business of Cities study ranks Singapore in third place worldwide, behind New York and London, and also names it the “number one” city globally for business friendliness.
The report also revealed that Singapore is beginning to shake off its reputation for a lack of vibrancy among expatriates and tourists.
“The result of the survey confirms that Singapore has all the infrastructure needed to be an Asia Pacific headquarters for companies,” said Chris Fossick, JLL's managing director for Singapore and Southeast Asia.
“The fact that it has overtaken Tokyo is an indication of the openness of the Singapore economy, which has been able to feed on global best practices, implement them efficiently and integrate them effectively into Singapore.”
Among the world's top 15 cities, five are in Asia Pacific, seven are in Europe and three are in North America.
While the top spots on the global indices have been broadly stable, certain lower ranked cities have seen an upswing in their fortunes: Mumbai and Seoul are Asia's most improved cities since 2010.
The report, the fourth developed by the Business of Cities, assembles the widest comparative studies on city performance to date, analysing data on indicators such as business and finance, economic growth, quality of life, and a city's brand, reputation and influence.
“It has never been more important to understand city performance,” said Greg Clark, chairman of The Business of Cities and JLL's Cities Research Center.
“The ability of cities to attract investment, manage their growth, and deliver quality of life will define the character and ultimately the success of what the OECD calls the 'metropolitan century'.”
The top five Asia Pacific cities across six leading all-round indices in order are Singapore, Hong Kong, Tokyo, Seoul and Sydney.
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