Singapore ranks 6th in Savills Resilient City Index

It was driven by the influx of individuals opting to reside and work in the city.

Singapore has secured the sixth place in the Savills Resilient Cities Index, climbing six positions.

This is mainly driven by the influx of individuals opting to reside and work in the city.

The report also said Singapore’s prime residential rents have soared by 42% between 2021 and 2023 as it transitioned from experiencing net outflows of people to net inflows.

Amidst the broader economic uncertainties and a global slowdown, real estate investment volumes in Singapore have remained stable. The resilience is notable given the challenging economic climate worldwide. 

Moreover, Singapore's competitive tech scene has positioned it favorably for the future, with venture capital investment increasing from $8.2b in 2021 to $9.4b in 2023, counter to the overall global trend of declining VC volumes.