(Nov 15): As the saying goes, it pays to be prepared, and Singapore takes top spot in that regard, according to a new report from Cushman & Wakefield Inc.
The "Prepped Cities Index" ranks 17 cities in the Asia Pacific region on their preparedness for things like terrorism and environmental and macroeconomic events. Singapore is No. 1 for its government’s ability to provide multinational companies with a stable business operating environment, Cushman & Wakefield said.
Melbourne and Shanghai came in second and third, while Jakarta and Mumbai score poorly, coming in last and 16th respectively.
The island nation doesn’t fare as well when it comes to its ability to attract and retain talent however -- ranking behind Tokyo, Melbourne, Seoul and Sydney. Low population growth is part of the problem.
Another issue, a shortage of offices in the central business district. Leases in Singapore also average two to three years. In places like Sydney, they’re longer, meaning rents are more stable.