Foreign Property News | Posted by Si Thu Aung
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 entrepreneurship.
This would ensure continued acquisition of global talent as well as continued real estate investment.
In fact, the “top nine global cities for innovation and talent concentration pulled in a third of all global real estate investment in the last 10 years”, said Chris Fossick, JLL chief executive officer for Singapore and South-east Asia.
“In Asia-Pacific, just seven cities accounted for over half of real estate investment volumes in the last decade.”
JLL’s latest Innovation Geographies Research showed that Singapore was ranked third most innovative city in world, behind San Francisco and Tokyo.
And the city-state’s world-class infrastructure, efficient government and business-friendly culture were “big supportive factors”.
Based 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.
Ref: Property Report