Singapore is the third most innovative city in the world, with innovation now an important part of real estate investment strategies, according to a new report from global property consultant JLL.SINGAPORE is the third most innovative city in the world, with innovation now an important part of real estate investment strategies, according toThe Republic, behind San Francisco and Tokyo, is supported by significant levels of foreign domestic investments, and a rapidly growing startup scene.
Ms Tay said the study reinforces JLL's optimism for Singapore property investment and office markets to stay vibrant in the short to medium-term, barring adverse external shocks. "Singapore must not rest on its laurels, but instead strive to stay ahead of the competition by continuing to nurture an innovative culture, for example through allocating a higher budget for research and development," she said.
This relationship has been endorsed by a wide array of organisations including the European Central Bank and the World Bank, added JLL.