{"id":3076,"date":"2019-05-16T09:54:55","date_gmt":"2019-05-16T09:54:55","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3076"},"modified":"2021-06-04T14:24:28","modified_gmt":"2021-06-04T07:24:28","slug":"asian-cities-score-big-in-innovation-fall-short-in-talent","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/asian-cities-score-big-in-innovation-fall-short-in-talent\/","title":{"rendered":"Asian cities score big in innovation, fall short in talent"},"content":{"rendered":"<p>Real estate capital flocking to the region as its urban hubs move up JLL\u2019s innovation rankings<\/p>\n<figure id=\"attachment_3077\" aria-describedby=\"caption-attachment-3077\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3077\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1347597164.jpg\" alt=\"\" width=\"1000\" height=\"665\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1347597164.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1347597164-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1347597164-768x511.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3077\" class=\"wp-caption-text\">Overlooking the cityscape of Tokyo, Japan. chuck hsu\/Shutterstock<\/figcaption><\/figure>\n<p>Innovation ecosystems are maturing rapidly in Asia-Pacific cities, many of them with highly skilled workforces, according to JLL\u2019s Innovation Geographies Study released today.<\/p>\n<p>Tokyo, Singapore and Beijing, in that order, have been ranked among the top five most innovative cities globally, trailing only San Francisco and topping London. Seoul rounds out the top 10, followed by Shanghai at 11th, Shenzhen (14th) and Sydney (16th).<\/p>\n<p>These cities made up around 50 percent of overall annual real estate investment volumes over the past decade in Asia-Pacific.<\/p>\n<p>\u201cInnovation plays a key role in driving cities\u2019 economic growth by attracting investors and companies,\u201d commented Dr Megan Walters, head of Asia Pacific research for JLL.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/smart-city-spending-in-asia-pacific-to-hit-35bn-this-year\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Smart city spending in Asia-Pacific to hit $35bn this year<\/strong><\/a><\/p>\n<p>\u201cAsian cities have made rapid progress toward developing sophisticated future-looking business ecosystems,\u201d she added.<\/p>\n<p>However, only Sydney, Melbourne and Tokyo represent the region in JLL\u2019s ranking of the top 20 global hotspots for talent, the Innovation Geographies Study showed. Asia-Pacific lags behind Europe and the US overall for talent concentration.<\/p>\n<p>\u201cInvestors tend to focus on locations that are capable of sustaining long-term occupier demand, while corporates are drawn to those that have deep talent pools and sophisticated innovation ecosystems to ensure they are well-placed to succeed in the global marketplace,\u201d Walters said in a statement.<\/p>\n<p>Asian cities could improve their talent concentration rankings by boosting the presence of high-quality universities, JLL noted. This is an area of improvement for Shenzhen, which has otherwise become one of the world\u2019s leading tech hubs with the second highest number of patents of any city globally after Tokyo.<\/p>\n<p>On the flipside, Bengaluru and Hyderabad boast young, well-educated workforces, but they should overcome social, environmental and infrastructure challenges to strengthen their innovation rankings, the report stated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real estate capital flocking to the region as its urban hubs move up JLL\u2019s innovation rankings<\/p>\n","protected":false},"author":8,"featured_media":20060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[149,187,137,228,146,217,159,144],"class_list":["post-3076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-australia","tag-beijing","tag-china","tag-innovation","tag-japan","tag-sydney","tag-tech","tag-tokyo","news_country-asia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Asian cities score big in innovation, fall short in talent | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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