World cities face challenge from emerging upstarts

Singapore

A NUMBER of cities in the Asia-Pacific, including Sydney and Seoul, could emerge to challenge the dominance of established world cities such as Singapore, Hong Kong and Tokyo, property consultants JLL said.

The latter three make up half of the "Big Six" (the others being Paris, New York and London) that attract world-class corporations, talent as well as more than one-fifth of the global real estate investment. Shanghai and Beijing are considered nearly-emerged, with the former already one of the world's top 10 financial hubs.