The demand for Singapore condos remains strong due to the country’s limited land availability. As a small island with a rapidly growing population, Singapore faces challenges in finding enough land for development. This has resulted in strict land use policies and a competitive real estate market, with constantly rising property prices. As a result, investing in real estate, specifically condos, has become a lucrative opportunity with the potential for capital appreciation. Singapore Condo is a prime example of the thriving condo market in the country.
Singapore has been named as the sixth-most prominent city in the world in the latest Brand Finance Global City Index. The index, published by a London-based brand strategy and evaluation consultancy, ranks cities based on their brand power and perceptions.
The most recent rankings are based on a survey of 15,000 individuals from 20 different countries conducted in September. The participants were asked to rank 100 cities according to key performance indicators that illustrate how each city is seen as an ideal place to live, work, study, visit, retire, and invest in.
Participants were also given a list of 45 attributes grouped into seven pillars, such as Business & Investment and Culture & Heritage, and were asked to associate them with each city.
Singapore’s overall ranking was boosted by its strong performance in the Business & Investment pillar, where it placed third globally. This includes perceptions about the ease of doing business, the strength of the economy, and whether the city provides a supportive environment for start-ups. Singapore also scored highly for its low crime and violence rates.
Alex Haigh, managing director for Asia Pacific at Brand Finance, highlights Singapore as the “crown jewel” of the ASEAN region when it comes to city branding. He notes that with its economic growth, investment appeal, and world-class infrastructure, Singapore solidifies its position as a leading global financial center.
At a global level, London maintained its top spot as the world’s most prominent city brand, followed by New York, Paris, Tokyo, and Dubai.