Colliers International's latest research report Top Locations in Asia: Technology Sector examines 16 cities in both developed and emerging markets across Asia to determine the viability of these cities as hubs in the tech sector.

Report at a glance:

• Research based on 50 criteria across socio-economic, property and human factors
• 16 cities examined in developed and emerging markets across Asia
• Beijing and Hyderabad both attractive alternative locations; Hong Kong also developing
• Emerging cities boast high growth, low cost, but score poorly on employment and human factors

Andrew Haskins, Colliers’ Asia Head of Research, told WILLIAMS MEDIA, "The Top Locations in Asia: Technology Sector report serves as a workability index for tech enterprises who are looking to set up or expand in Asia. 

"A spectrum of criteria including socio-economic, property and human factors were examined to determine the viability of 16 cities across emerging and developed markets in Asia."

Haskins continues, "Bangalore, Singapore and Shenzhen stand out as top choices for starting or expanding technology operations in Asia. Modest long-run growth prospects hold down developed cities like Tokyo and Taipei for the sector. While emerging cities offer high growth potential and low operating costs, they tend to score lower on employment criteria and human aspirational metrics.”

Bangalore’s (Score: 68%; Position: #1) greatest strengths are socio-economic, set to be the fastest-growing city in Asia over the next five to ten years, and benefits from a wide and deep talent pool. Bangalore also boasts the largest stock of Grade A office space in Asia after Tokyo, low staff costs and office rents, and low cost of living. However, the city scores less well on quality of office accommodation and quality of infrastructure.

Singapore (Score: 63%; Position: #2) comes in second place as it scores highly on the socio-economic index, due largely to its strong talent pool, and on aspirational measures including personal tax rate, safety and living quality. Singapore is expected to continue to benefit from its position as a well-connected financial and communications hub for South East Asia and APAC operations.

Shenzhen’s (Score: 61%; Position: #3) high ranking comes as no surprise as it currently reigns as China’s technology capital. Heavy investment in R&D has broadened the city’s tech base far beyond hardware manufacturing. Shenzhen scores highly on property factors due to moderate staff costs, ample office stock, flexible workspace, and planned new supply. Shenzhen has also surpassed Hong Kong by GDP and is expected to benefit further from closer integration of the Greater Bay Area hubs.

Click here to view Top Locations in Asia - Technology Sector.

For more information or to discuss the report phone or email Andrew Haskins, Executive Director for Research Asia, via the contact details listed below. 

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