Thursday, October 11, 2012

Singapore rated 'most liveable city in Asia' By Yasmine Yahya

Singapore rated 'most liveable city in Asia'
Oct 11, 2012
Straits Times
By Yasmine Yahya

Singapore has been ranked as the most liveable city in Asia, mainly due to the ease of doing business and efficient infrastructure.

Overall, it was ranked seventh out of 27 cities around the world behind winner New York followed by London, Toronto, Paris, Stockholm and San Francisco.

Each city was given scores under 10 categories, such as cost, demographics and health, safety and security in the study by accounting firm PwC.

Singapore received the highest scores among the 27 cities in ease of doing business, transportation and infrastructure and ranked sixth for both economic clout and technology readiness.

And it was the only Asian city to break into the top 10 in health, safety and security.
"I think the study confirms some of our perceptions of Singapore as an important destination and city," said PwC Singapore executive chairman Gautam Banerjee.

"The study looks at a lot of 'soft' issues, such as how many top class universities you have because it's trying to be holistic in its way of looking at what global cities should be. And for a small city-state like Singapore, we do very well."

The category of cost was Singapore's weak point. The report found that this was the sixth most expensive city among the 27 studied, a position it shares with London and Milan.
Rents are the second most expensive in the world after New York, while the price of consumer goods excluding accommodation is the seventh highest.

The annual study added a new category into the mix this year - City Gateway, which measures each centre's global connections and attraction beyond its borders. To measure this, PwC looked at factors such as the number of hotel rooms in each city, how many international tourists visit and the number of international association meetings held there.
Singapore was ranked ninth in this category, behind four other Asian cities - Beijing, Shanghai, Tokyo and Hong Kong.

Mr Banerjee said this reflects the growing economic power of China, but added that Singapore's attractiveness as a destination is not under threat by the rise of its neighbours. "Singapore is a hub city. If China and India do well, Singapore in between these two countries will also benefit."

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