VULNERABILITY RANKING- SINGAPORE RANKED 26th
Now, here are the rankings as derived using Grosvenor's methodology. First, the Vulnerability Ranking. Singapore is in the middle of the pack, ranked 26th. In terms of absolute score, Singapore's score is slightly more than 80 out of 100. Our close competitor, Hong Kong, is just marginally behind Singapore.
Note that Singapore is actually ahead of New York (score 80). London's score is 88, ranked 13th on the Vulnerability index.
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ADAPTIVE CAPACITY - SINGAPORE RANKED 30th
Next, the Adaptive capacity: world city ranking. Singapore fares substantially worse here, which is somewhat surprising. Singapore's score is slightly above 70, in the 30th place.
Our close competitor, Hong Kong, is at 28th place. Her score is higher, about 75. New York comes in right on top, at 100.
RESILIENCE - OVERALL WORLD CITY RANKING - SINGAPORE RANKED 32nd
This is the overall ranking. Singapore comes in at 32nd. The absolute score is about 80. Hong Kong is ranked at 30th. Absolute score is slightly above 80.
Top global city London comes in at 18th with an absolute score of 90. New York, the other top global city, comes in at 14, with a resilience score of 92.
THOUGHTS
Personally, I found Singapore's scores rather disappointing.
Vulnerability
First, let's look at vulnerability. We are already very fortunate that we have few natural disasters,climate challenges and social unrest. Top global cities like New York and many other US cities are hit with natural calamities. London faces social unrest, e.g. riots. Yet, when the vulnerability scores are put together, we are not significantly better than such cities. So, what is causing us to be so vulnerable and what more can we do? That is food for thought.
Adaptive Capacity
Second, let's look at adaptive capacity. This is extremely disappointing. We pride ourselves as a small and nimble nation. We are supposedly forward thinking. Note that all the dimensions under adaptive capacity are within the city's control, i.e. Governance, Institutions, Technical & Learning, Planning Systems, Funding structures. Yet, for adaptive capacity, we come in even further down the rankings compared to vulnerability. Why?
Notice that while New York didn't score well for Vulnerability, she comes out right on top for Adaptive Capacity.
Overall Ranking - Thoughts
No surprises then that Singapore did not do very well overall. I would have expected Singapore to demonstrate a similar type of performance as New York, i.e. somewhat low on vulnerability but very high on adaptability.
As a small island without a hinterland, we are vulnerable. One would be a fool to deny that.
However, to think that we are substantially behind Cities like Detriot and Calgary on the adaptability front gives us a lot more food for thought. I think we need to do better, where adaptability is concerned.
Final Takeaways
This report has given me a lot of food for thought. The report has tried to move away from traditional real estate analysis by adding in more dimensions of resilience. Cities come and cities go. If we (Singapore) want to ensure our long-term survival, we need to invest more in our adaptability.
Comments?
Do leave your comment on our community forum.
Happy Investing!
This is the overall ranking. Singapore comes in at 32nd. The absolute score is about 80. Hong Kong is ranked at 30th. Absolute score is slightly above 80.
Top global city London comes in at 18th with an absolute score of 90. New York, the other top global city, comes in at 14, with a resilience score of 92.
THOUGHTS
Personally, I found Singapore's scores rather disappointing.
Vulnerability
First, let's look at vulnerability. We are already very fortunate that we have few natural disasters,climate challenges and social unrest. Top global cities like New York and many other US cities are hit with natural calamities. London faces social unrest, e.g. riots. Yet, when the vulnerability scores are put together, we are not significantly better than such cities. So, what is causing us to be so vulnerable and what more can we do? That is food for thought.
Adaptive Capacity
Second, let's look at adaptive capacity. This is extremely disappointing. We pride ourselves as a small and nimble nation. We are supposedly forward thinking. Note that all the dimensions under adaptive capacity are within the city's control, i.e. Governance, Institutions, Technical & Learning, Planning Systems, Funding structures. Yet, for adaptive capacity, we come in even further down the rankings compared to vulnerability. Why?
Notice that while New York didn't score well for Vulnerability, she comes out right on top for Adaptive Capacity.
Overall Ranking - Thoughts
No surprises then that Singapore did not do very well overall. I would have expected Singapore to demonstrate a similar type of performance as New York, i.e. somewhat low on vulnerability but very high on adaptability.
As a small island without a hinterland, we are vulnerable. One would be a fool to deny that.
However, to think that we are substantially behind Cities like Detriot and Calgary on the adaptability front gives us a lot more food for thought. I think we need to do better, where adaptability is concerned.
Final Takeaways
This report has given me a lot of food for thought. The report has tried to move away from traditional real estate analysis by adding in more dimensions of resilience. Cities come and cities go. If we (Singapore) want to ensure our long-term survival, we need to invest more in our adaptability.
Comments?
Do leave your comment on our community forum.
Happy Investing!
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