Spore moves up to 6 position in the world resilient cities

The Urban Redevelopment Authority Master Plan 2025 includes urban resilience among its key topics.

The city-state is likely to witness a greater number of investment transactions in 2024 as buyers and sellers return to the market,

The market is expected to be active across all categories of investments, with Singapore’s safe haven status, political stability and a robust economy attracting more investor interest.

There’s a clear connection between the economic foundations of the city and its ability to withstand. Real real estate investors, on other hand, continue to concentrate their efforts on larger cities, especially those with a broad and deep economic base.These cities are likely to witness a shift in their fortunes over the next year, as financing conditions improve and investment in real estate are expected to increase, according to Savills. Climate changes and ESG elements are an important issue, and has a negative impact on economic growth.

SINGAPORE has climbed six places to be the sixth-strongest city in the world, up from the 12th spot in 2021.

According to the annual global index from real estate consultancy Savills that tracks the resilience in 490 cities around the world.

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New York topped the list for the second year for a row.

Tokyo, London Seoul and Los Angeles followed.

Index of Resilient Cities released on Monday, 25 March, examines the well-being and resilience of a city through its capacity to ensure its citizens’ and workers’ success in the environment, economic technological, social and political change.

These cities are attractive for both occupiers and investors.

Four key areas were analyzed: a city’s economic strength as well as its knowledge economy and technology as well as environmental Governance, Social and Corporate Governance (ESG); and the real estate investment.

The influx of people who chose to reside and work in Singapore helped Singapore’s rise.

The residential rents of the top tier increased by 42 percent between 2021 and 2023 when the city changed from recording new outflows net inflows.

Meanwhile, real estate investment volumes remained stable. “(This is) not an easy feat with broader economic uncertainty and a global slowdown. A vibrant tech sector helps to put Singapore in good stead for the future.

For example the venture capital market has increased by US$8.2 billion in 2021 to US$9.4 billion by 2023, despite an overall worldwide decrease in volumes.

Singapore’s ranking will improve further over the next decade.

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