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Singapore leads Asia Pacific in ‘Business of Cities’ ranking

June 2015

Singapore has become Asia’s top ranked city across a broad range of indicators, according to a report published by global real estate firm JLL in partnership with The Business of Cities Group.

The report, which analyses over 200 globally recognised city performance studies, reveals that Singapore has overtaken Tokyo across six of the most robust indices to become 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.

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.