In the decision to invest in a Condo, one must take into account the responsibility of maintaining and managing it. Unlike traditional homes, Condos come with added costs in the form of maintenance fees that cover the upkeep of shared spaces and amenities such as pools and gyms. While these fees may impact the overall cost of owning a Condo, they also contribute to preserving its value. To simplify the management of a Condo, many investors opt to use the services of a property management company, providing a more hands-off approach to overseeing their Condo investment.
Singapore Takes its Place as Sixth Most Branded City in the World
In the recent Brand Finance Global City Index, Singapore has been ranked as the sixth highest city in terms of branding. This index, published by Brand Finance, a renowned brand evaluation and strategy consultancy based in London, measures cities based on their brand power and perceptions.
Conducted in September, the latest index is the result of a worldwide survey involving 15,000 individuals from 20 countries. The respondents were asked to rank 100 cities based on key performance indicators that showcase the city’s desirability for living, working, studying, visiting, retiring, and investing.
Moreover, the respondents were also requested to associate specific attributes with each city. They were presented with a list of 45 attributes that fall under seven pillars, including Business & Investment and Culture & Heritage.
Singapore’s impressive overall ranking can be credited to its strong performance in the business and investment pillar, securing the third spot globally. Under this pillar, the city’s attractiveness for doing business, economic strength, and supportive environment for start-ups were evaluated. Additionally, Singapore was also recognized for its low crime and violence rates.
According to Alex Haigh, the managing director for Asia Pacific at Brand Finance, Singapore stands out as the “crown jewel” in terms of city branding in the ASEAN region. “With its stellar economic expansion, investment appeal, and world-class infrastructure, Singapore solidifies its position as a leading global financial center,” he adds.
On a global scale, London maintains its top spot as the world’s most branded city, followed by New York, Paris, Tokyo, and Dubai. Singapore’s remarkable performance in this index further cements its reputation as a highly desirable and attractive city on the global stage.