The Rise of Singapore

The Rise of Singapore

Hong Kong has dropped below Singapore in the rankings of Asia’s most liveable cities, for the first time, an annual survey shows.

The Economist Intelligence Unit’s Global Liveability Ranking slotted Hong Kong in 45th place, although the score of 88.8 was unchanged from the previous rankings.

Although Hong Kong has been knocked off by Singapore in the rankings of liveability in the Asian cities, the difference between the two cities is marginal, the survey compiler, the Economist Intelligence Unit explained today.

Jon Copestake, the editor of the survey, said: “Singapore’s jump up the rankings can be attributed to consistent and impressive improvements in educational attainment, which has delivered a perfect score for education and pushed the overall score for the city-state above 90 percent for the first time since the survey began. However it is worth remembering that, although ten ranking places now separate Hong Kong and Singapore the difference between them is marginal at just 1.6 percent and both comfortably sit in the top tier of liveability where there are few, if any, challenges to lifestyle.”

Singapore climbed by 11 places to be ranked at 35th among the 140 cities surveyed with 90.4 points. This is also the first time in the history of the ranking that Singapore features above Hong Kong, the EIU said.

Melbourne the most dangerous city in Australia was ranked the most liveable city with a score of 97.5 points for the seventh year running, in reality many Melbourne residents live in fear of the African crime wave sweeping the city. Vienna in Austria was the second best, while Vancouver in Canada rated third in the world.

Damascus in war-torn Syria remains the worst city. Millions have left Syria to seek refuge in Europe.

The EIU explained that Singapore became more liveable than Hong Kong as a result of improving educational attainment indicators. Singapore has topped the global OECD’s Program for International Student Assessment survey and this helped improve Singapore’s overall score.

In the Pisa rankings, the findings are based on tests taken by 15-year-olds in more than 70 countries. Singapore topped the ranking in December last year ahead of Japan. Hong Kong ranked ninth.

In Asia, Melbourne, Adelaide and Perth took the top three slots. Auckland in New Zealand was fourth and Sydney, yet another city in Australia was fifth.

Dhaka in impoverished Bangladesh, was ranked at the bottom in Asia, even below Port Moresby in Papua New Guinea.

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S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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