{"id":108190,"date":"2019-06-17T11:15:06","date_gmt":"2019-06-17T04:15:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-culture-of-innovation-key-to-attracting-real-estate-investment\/"},"modified":"2019-06-17T12:03:57","modified_gmt":"2019-06-17T05:03:57","slug":"singapores-culture-of-innovation-key-to-attracting-real-estate-investment","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-culture-of-innovation-key-to-attracting-real-estate-investment\/","title":{"rendered":"Singapore\u2019s culture of innovation key to attracting real estate investment"},"content":{"rendered":"


\nJLL\u2019s latest Innovation Geographies Research showed that Singapore was ranked third most innovative city in world, behind San Francisco and Tokyo.
\nWith 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 entrepreneurship.
\nThis would ensure continued acquisition of global talent as well as continued real estate investment.
\nIn fact, the \u201ctop nine global cities for innovation and talent concentration pulled in a third of all global real estate investment in the last 10 years\u201d, said Chris Fossick, JLL chief executive officer for Singapore and South-east Asia.
\n\u201cIn Asia-Pacific, just seven cities accounted for over half of real estate investment volumes in the last decade.\u201d
\nJLL\u2019s latest Innovation Geographies Research showed that Singapore was ranked third most innovative city in world, behind San Francisco and Tokyo.
\nAnd the city-state\u2019s world-class infrastructure, efficient government and business-friendly culture were \u201cbig supportive factors\u201d.
\nBased on 2015 to 2018 figures, Singapore ranked first globally for the dollar volume of high-tech foreign direct investment (FDI) as well as second for the number of high-tech FDI projects.
\nIt also fared well in attracting venture capital (VC) funding for its startups, with investment rising at a compound annual growth rate of 84 percent during the 2008-2018 period. For the last three years, the number of startups attracting VC funding in Singapore stood at 555, way higher than the global average of 187.
\n\u201cThese strengths put Singapore firmly in the \u2018Innovation-centric\u2019 cluster of cities, alongside Toronto, Chicago, Amsterdam and Frankfurt,\u201d noted Fossick.
\n\u201cAs well as Innovation, the city-state is also above the global average in our Talent Concentration Index, which measures the quality of domestic higher-education institutions, the demographic profile and employment in the innovation economy.\u201d
\nWith three world-class universities producing quality research in STEM subjects (Science, Technology, Engineering and Maths), 45 percent of the city-state\u2019s workforce holds an undergraduate degree, compared to a global average of 34 percent.
\n\u201cAs Singapore goes all out to woo investors, it is in a strong position to maintain its competitiveness as a global knowledge hub and ensure its continued attraction for multinational companies and businesses,\u201d said Fossick.
\nLooking to buy a private condo? Get more insights on the right locations for your new home at\u00a0AreaInsider.
\nFiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0fiona@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore\u2019s culture of innovation key to attracting real estate investment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

JLL\u2019s latest Innovation Geographies Research showed that Singapore was ranked third most innovative city in...<\/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-108190","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-s90","jetpack-related-posts":[{"id":107319,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-is-the-worlds-3rd-most-innovative-city\/","url_meta":{"origin":108190,"position":0},"title":"Singapore is the world's 3rd most innovative city","date":"May 21, 2019","format":false,"excerpt":"\r Singapore property investment and office market will remain vibrant in the short- to medium-term, barring external shocks. With 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49883,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-investors-shun-real-estate-deals-in-home-market\/","url_meta":{"origin":108190,"position":1},"title":"Singapore investors shun real estate deals in home market","date":"March 28, 2017","format":false,"excerpt":"\r Domestic investment in Singapore real estate fell 16 percent in 2016, according to JLL.\u00a0 Unlike other countries in the Asia Pacific, Singapore saw domestic real estate investment drop 16 percent in 2016, while inbound investment surged 441 percent from the previous year, revealed a JLL report. The decline comes\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3675,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/asias-budding-silicon-valleys-lead-real-estate-growth-and-innovation\/","url_meta":{"origin":108190,"position":2},"title":"Asia\u2019s budding \u201cSilicon Valleys\u201d lead real estate growth and innovation","date":"February 4, 2016","format":false,"excerpt":"\r India, China and Vietnam\u2019s tech hubs\u00a0have a promising future UB City in Bangalore, also known as \u201cAsia\u2019s Silicon Valley\u201d per JLL Rapid progress in technology in cities like Bangalore and Shanghai has helped in driving real estate growth, according to JLL\u2019s latest report City Momentum Index 2016. Focusing on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/UB_City_Bangalore.jpg?fit=740%2C391&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":38741,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-trends-that-could-affect-asia-pacific-real-estate-in-2017\/","url_meta":{"origin":108190,"position":3},"title":"5 trends that could affect Asia-Pacific real estate in 2017","date":"December 21, 2016","format":false,"excerpt":"\r What to expect after the Year of the Unexpected Hong Kong skyline. Banana Republic images\/Shutterstock Although 2016 has been a\u00a0year of global uncertainty, marked by a spring of nationalist-populist and far-right ideologies dawning on both sides of the Atlantic, real estate markets in Asia-Pacific remained relatively robust. Investors around\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":108190,"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":120515,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jll-launches-2-6mil-talent-development-programme\/","url_meta":{"origin":108190,"position":5},"title":"JLL launches $2.6mil talent development programme","date":"July 15, 2021","format":false,"excerpt":"\r JLL launches $2.6mil talent development programmeThe three-year talent development programme by JLL will cost $2.6 million and support young talent, mid-career transitions and upskill the local workforce. 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