{"id":107319,"date":"2019-05-21T12:06:06","date_gmt":"2019-05-21T05:06:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-is-the-worlds-3rd-most-innovative-city\/"},"modified":"2019-05-21T13:03:15","modified_gmt":"2019-05-21T06:03:15","slug":"singapore-is-the-worlds-3rd-most-innovative-city","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-is-the-worlds-3rd-most-innovative-city\/","title":{"rendered":"Singapore is the world's 3rd most innovative city"},"content":{"rendered":"


\nSingapore property investment and office market will remain vibrant in the short- to medium-term, barring external shocks.
\nWith innovation now playing a major role in real estate investment strategies, Singapore has emerged as the world\u2019s third most innovative city \u2013 behind San Francisco and Tokyo, reported The Business Times citing a JLL report.
\nThis comes as the city-state is supported by substantial levels of foreign domestic investments as well as a rapidly growing start-up scene.
\nAside from being a regional hub for research and development (R&D) and services, Singapore is also the world\u2019s top destination for foreign direct investment in high-tech industries, noted JLL\u2019s Innovation Geographies report.
\n\u201cTargeting innovative cities has now become an explicit part of investment strategies. This is partly because innovation-centric cities appear to be more resilient to economic shocks,\u201d said JLL Singapore\u2019s head of research and consultancy Tay Huey Ying. \u201cFor example, tech-savvy cities such as Seoul, Berlin and Chicago, saw average real estate capital values fall less and bounce back more quickly.\u201d
\nAccording to her, the study reinforces JLL\u2019s belief that Singapore property investment and office market will remain vibrant in the short- to medium-term, barring external shocks.
\nBut with many cities making rapid progress in developing future-looking business ecosystems, Singapore should not \u201crest on its laurels, but instead strive to stay ahead of the competition by continuing to nurture an innovative culture, for example through allocating a higher budget for research and development\u201d, added Tay.
\nJLL further explained that innovation ecosystems in cities plays an important role in driving productivity, which leads to economic growth and, by implication, real estate demand.
\nJLL head of Asia-Pacific research Megan Walters shared that innovation helps cities attract companies and investors.
\n\u201cInvestors tend to focus on locations that are capable of sustaining long-term occupier demand, while corporates are drawn to those that have sophisticated innovation ecosystems and deep talent pools to ensure they are well-placed to succeed in the global marketplace.\u201d
\nThe report analysed 109 global cities, of which the seven leading Asia-Pacific cities accounted for over 50 percent of the region\u2019s total annual real estate investment volumes in the last decade.
\nThey are Tokyo, Singapore, Seoul, Beijing, Shenzhen, Shanghai and Sydney.
\nRead our AreaInsider series\u00a0if need a comprehensive insight to the best area to live or invest in Singapore.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore is the world’s 3rd most innovative city<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore property investment and office market will remain vibrant in the short- to medium-term, barring...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-107319","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rUX","jetpack-related-posts":[{"id":108190,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-culture-of-innovation-key-to-attracting-real-estate-investment\/","url_meta":{"origin":107319,"position":0},"title":"Singapore\u2019s culture of innovation key to attracting real estate investment","date":"June 17, 2019","format":false,"excerpt":"\r JLL\u2019s latest Innovation Geographies Research showed that Singapore was ranked third most innovative city in world, behind San Francisco and Tokyo. With cities across the world making rapid progress in developing future-looking economies, JLL believes Singapore can stay ahead of competition by continuously nurturing its culture of innovation and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107273,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/beijing-ranks-ahead-of-shanghai-and-shenzhen-in-list-of-worlds-most-innovative-cities\/","url_meta":{"origin":107319,"position":1},"title":"Beijing ranks ahead of Shanghai and Shenzhen in list of world\u2019s most innovative cities","date":"May 19, 2019","format":false,"excerpt":"\r Beijing is the most innovative city on the mainland, ranking ahead of Shanghai and the tech hub of Shenzhen, according to JLL\u2019s latest research of the top 20 innovation-oriented cities in the world. Hong Kong did not make the cut.San Francisco, with its robust start-up scene, topped the list,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108518,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-ranked-3rd-for-worlds-most-expensive-city-for-expats\/","url_meta":{"origin":107319,"position":2},"title":"Singapore ranked 3rd for world\u2019s most expensive city for expats","date":"June 28, 2019","format":false,"excerpt":"\r Singapore emerged as the world\u2019s third costliest city for expats to live in, up from fourth place last year, on the back of rising affluence and sustained demand in quality housing,\u00a0Mercer\u2019s latest Cost of Living Survey found.\u00a0 Hong Kong continued to top the ranking, followed by Tokyo. Completing the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111492,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-is-worlds-most-competitive-economy\/","url_meta":{"origin":107319,"position":3},"title":"Singapore is world's most competitive economy","date":"October 10, 2019","format":false,"excerpt":"\r Singapore beat the US for the top spot, ranking first for financial system development, infrastructure and labour market functioning.\u00a0 Singapore emerged as the most competitive economy in the world \u2013 beating US \u2013 as it scored 84.8 points in the World Economic Forum\u2019s (WEF) 2019 Global Competitiveness Index, reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43287,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wooing-chinese-investors\/","url_meta":{"origin":107319,"position":4},"title":"Wooing Chinese investors","date":"February 8, 2017","format":false,"excerpt":"\r View of luxury apartments along Singapore\u2019s coastline. Singapore continues to attract mainland Chinese property investors with its greater affordability, world-class education system and lifestyle offerings. At the same time, more foreigners are now looking for investment opportunities in the world\u2019s second largest economy. \u00a0\u00a0\u00a0 Despite the tough cooling measures\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108803,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-to-have-one-of-the-worlds-smallest-infrastructure-gap-by-2040\/","url_meta":{"origin":107319,"position":5},"title":"Singapore to have one of the world\u2019s smallest infrastructure gap by 2040","date":"July 8, 2019","format":false,"excerpt":"\r With the government expected to invest US$87.8 billion from 2018 to 2040, Singapore is set to have one of the world\u2019s smallest infrastructure gap at US$400 million (S$544.3 million) in 2040, according to\u00a0the Association of Chartered Certified Accountants (ACCA). \u201cSingapore is a top performer when it comes to good\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107319"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=107319"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107319\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=107319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=107319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=107319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}