Singapore is showing why cooling is the next investment asset

A COUNTRY that has only summer year-round might know a thing or two about heat.

For decades, Singapore’s relationship with the mercury was defined by Lee Kuan Yew’s famous assertion that air-conditioning was the greatest invention of the 20th century. He argued that air-conditioning was crucial for Singapore’s development, allowing for productive, year-round work in the tropics, and “was key to public efficiency”.

But as we navigate the record-breaking temperatures across South-east Asia, the narrative is shifting.