{"id":3675,"date":"2016-02-04T15:31:41","date_gmt":"2016-02-04T08:31:41","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/asias-budding-silicon-valleys-lead-real-estate-growth-and-innovation\/"},"modified":"2016-02-04T15:41:52","modified_gmt":"2016-02-04T08:41:52","slug":"asias-budding-silicon-valleys-lead-real-estate-growth-and-innovation","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/asias-budding-silicon-valleys-lead-real-estate-growth-and-innovation\/","title":{"rendered":"Asia\u2019s budding \u201cSilicon Valleys\u201d lead real estate growth and innovation"},"content":{"rendered":"


\nIndia, China and Vietnam\u2019s tech hubs\u00a0have a promising future
\nUB City in Bangalore, also known as \u201cAsia\u2019s Silicon Valley\u201d per JLL
\nRapid 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.
\nFocusing on \u201cThe Rise of the Innovation-Oriented City,\u201d JLL notes that urbanisation and technological advancements in certain areas have paved the way for building \u201cinnovation-oriented economies\u201d that transform real estate projects and infrastructure.
\nLondon tops the international list for a second consecutive year, followed again by Silicon Valley in San Jose, California.
\nMore: Tech hubs are the world\u2019s most dynamic cities in real estate
\nIn the Asia-Pacific region, Bangalore takes the top ranking, and fourth overall. Home to some 40 percent of India\u2019s tech giants, the city\u2019s reputation for innovation is boosted by a mix of research and higher education institutions. With an increasing population of high-earning IT professionals, the \u201cSilicon Valley of Asia\u201d has a changing urban landscape with a long-term foundation for success in innovation.
\nAnother city in India, Hyperabad, joins this year\u2019s global top 20 and is ranked eighth in Asia-Pacific. The two Indian cities\u2019 latest infrastructure projects can now with more workers in the IT industry, increasing their liveability factor. Projects include the development of the Chennai-Bangalore and Mumbai-Bangalore Industrial Corridors, and the first phase of Hyperabad\u2019s Metro Rail Project, which is expected to start operations this year.
\nOther Asia-Pacific cities that made JLL\u2019s list are Shanghai (2) Sydney (3), Beijing (4), Shenzhen (5), Tokyo (6), Nanjing (7), Melbourne (9) and Seoul (10).
\nMore: What does fast population growth in Vietnam have to do with real estate
\nVietnam\u2019s Hanoi and Ho Chi Minh City \u2013 sitting outside the Asian top 10 \u2013 have been identified as Asia\u2019s growth hotspots, fuelled by economic progress, raw GDP growth and rise in foreign direct investments. The two cities are noted to transition into higher technology manufacturing industries, citing the expansion of Samsung\u2019s research and development department with a USD400 million investment.
\nSimilar to India\u2019s tech centres, the IT sector contributes to the growth in Vietnam\u2019s two largest metropolitan areas, which should experience significant boost in the housing market in the second semester following the implementation of revised foreign ownership policies in July 2015, now that many more in the workforce can afford more real estate options.
\nJLL\u2019s analysis covered 120 cities worldwide and was also based on stastistical and non-real estate data from various sources such as the United Nations, Oxford Economics and the World Health Organisation.
\n
\nSource : property-report.com
\nRead more…Asia\u2019s budding \u201cSilicon Valleys\u201d lead real estate growth and innovation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

India, China and Vietnam\u2019s tech hubs\u00a0have a promising future UB City in Bangalore, also known...<\/p>\n","protected":false},"author":1,"featured_media":3676,"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-3675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/UB_City_Bangalore.jpg?fit=740%2C391&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-Xh","jetpack-related-posts":[{"id":41068,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/4-of-the-worlds-fastest-changing-cities-are-in-asia\/","url_meta":{"origin":3675,"position":0},"title":"4 of the world\u2019s fastest-changing cities are in Asia","date":"January 18, 2017","format":false,"excerpt":"\r Dynamic all the way A digital painting of Chinatown in Thailand. nasidastudio\/Shutterstock The dynamism of Asia, or its urban cities, is once again out in the open with Jones Lang LaSalle\u2019s newest annual City Momentum Index (CMI) report, out in February. 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