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Old 01-29-2018, 02:27 AM
 
951 posts, read 564,959 times
Reputation: 635

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JLL's latest world city ranking puts Seoul up along side the likes of London, New York, Tokyo, Paris, Hong Kong and Singapore.

Link to study: World Cities, 2018: Mapping the Pathways to Success

Their description of what constitutes an established world city:
Quote:
1. The ‘Big Seven’:

Accounting for nearly one-quarter of all capital invested in commercial real estate globally, this elite group holds the depth, liquidity and unique soft power to remain the default destinations for cross-border investors and corporates.

2. The ‘Contenders’:


This group of 10 ‘Contender’ cities have acquired many, but not yet all, of the attributes of the ‘Big Seven’. They are competing successfully for global talent, capital and businesses. Collectively they have registered the fastest growth of any city group in real estate investment over the past cycle.
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Old 01-29-2018, 02:35 AM
 
2,307 posts, read 714,185 times
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I lived and worked in Seoul for 8 months and it is definitely an impressive city...awesome subway system, nice and efficient airport, probably the best food of anywhere I've lived, clean, parks...excellent city so I have no problem ranking it that high.
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Old 01-29-2018, 02:42 AM
 
951 posts, read 564,959 times
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Key criteria which have elevated Seoul to the top, according to the report:

1. Digital connectivity.
2. Innovation.
3. Improvements to real estate transparency.

Scoring, ranking and sources:




Rising in rank in terms of commercial real estate investments:



http://www.jll.eu/emea/en-gb/news/77...s-january-2018

Last edited by Hightower72; 01-29-2018 at 03:16 AM..
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Old 01-29-2018, 04:12 PM
 
5,814 posts, read 9,731,233 times
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Destitute to quickly rising glamour at rather fast intervals. Drastic turn around. Ethereal urban city landscapes rarely without any other parallel. Going to the moon:


http://www.simplyairlines.com/images...main_guide.jpg


http://www.businesskorea.co.kr/sites...20building.jpg


https://tripbuddy.info/wp-content/up...ffic-night.jpg


https://www.lonelyplanet.com/travel-...bbde30f1cf.jpg


http://lh3.googleusercontent.com/-KS...2025014327.jpg
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Old 01-30-2018, 10:43 AM
 
1,718 posts, read 1,653,986 times
Reputation: 1118
I love Seoul! What an amazing city to visit. The folks there party hard!
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Old 01-30-2018, 04:50 PM
 
566 posts, read 513,628 times
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I love America but, a lot of our cities do not belong on that list.

New York. Multiple industries, multi-national political and, corporate interests.
Washington DC. Where you go to buy Congressmen and Senators.
Hollywood. Entertainment, one of the few things we still can export.
San Francisco. HQ to many international tech corporations; Google, Facebook, etc..

The rest? People just live there. Maybe I'm being too harsh on the other ones but, Chicago? That entry almost invalidates the entire list...
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Old 01-30-2018, 05:35 PM
 
Location: NYC
2,198 posts, read 2,292,116 times
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Quote:
Originally Posted by RageX View Post
I love America but, a lot of our cities do not belong on that list.

New York. Multiple industries, multi-national political and, corporate interests.
Washington DC. Where you go to buy Congressmen and Senators.
Hollywood. Entertainment, one of the few things we still can export.
San Francisco. HQ to many international tech corporations; Google, Facebook, etc..

The rest? People just live there. Maybe I'm being too harsh on the other ones but, Chicago? That entry almost invalidates the entire list...
You must not know a lot about Chicago if you can make such a statement. I've quibbled with Chicago being ranked as a top 6-7 global city, as you see from time to time in various studies, but there is no reasonable argument that it shouldn't place at least in the top 12 to 20 when you look at the breadth of its strengths and historical pedigree.
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Old 01-30-2018, 05:43 PM
 
5,722 posts, read 5,493,638 times
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Hong Kong may be more "global" in terms of diversity, but nowadays Beijing definitely has more global influence, and it is a megapolis itself.
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Old 01-30-2018, 06:10 PM
 
Location: Kansas/China
3,768 posts, read 1,799,995 times
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Quote:
Originally Posted by Bettafish View Post
Hong Kong may be more "global" in terms of diversity, but nowadays Beijing definitely has more global influence, and it is a megapolis itself.
If mainland China opened up its real estate market for private ownership and development, Beijing and Shanghai would already be in the “big seven”. Every Chinese city would jump a few spots on the list. China’s financial and real estate markets are still fairly closed off to outside development. That’s why HK is higher.

I’m a little surprised Singapore makes it into the “big seven”.
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Old 01-31-2018, 03:12 AM
 
951 posts, read 564,959 times
Reputation: 635
Quote:
Originally Posted by RageX View Post
I love America but, a lot of our cities do not belong on that list.

New York. Multiple industries, multi-national political and, corporate interests.
Washington DC. Where you go to buy Congressmen and Senators.
Hollywood. Entertainment, one of the few things we still can export.
San Francisco. HQ to many international tech corporations; Google, Facebook, etc..

The rest? People just live there. Maybe I'm being too harsh on the other ones but, Chicago? That entry almost invalidates the entire list...
I generally agree with your sentiment, but Chicago is very influential from a global city perspective in the futures market.

New York in comparison, though the more important financial center in the USA, is more oriented to the cash (or spot) market.
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