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Hong Kong misses out on JLL’s top 25 cities for innovation, talent, while Beijing, Tokyo and Singapore make top 10
- In the third edition of JLL’s Innovation Geographies survey, the San Francisco Bay area in the US came first, followed by Beijing and Boston
- Singapore, in 7th place, was credited for its ‘sustained investment in infrastructure, education and healthcare’
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Hong Kong has been shut out of the rankings in a survey of innovation and concentration of talent in which cities in the Asia-Pacific region took five of the top 10 spots.
The study by property consultancy JLL, examined more than 100 cities across the globe in 2023, looking at how innovation influences real estate investment and portfolio strategies.
In the third edition of JLL’s Innovation Geographies survey, the San Francisco Bay area in the US, where the likes of technology behemoths such as Meta and Uber are based came first, followed by Beijing and Boston.
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Tokyo was placed fourth, followed by London and Seoul in fifth and sixth places, respectively.
Singapore, which is widely perceived as Hong Kong’s main rival as a finance hub, came seventh. Shanghai claimed the ninth spot, just behind Austin, and ahead of Seattle, which rounded out the top 10.
“Tokyo, Seoul, Shanghai, Beijing, Singapore and Shenzhen all outperform in innovation output, while Beijing, Tokyo and Singapore are high in talent concentration,” JLL said in a statement that accompanied the report.
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