双城记香港vs新加坡2023英文版

CBRE REPORT CBRERESEARCH APRIL2023 ATaleofTwoCities: HongKongSARvs. Singapore FutureCities ATlT>heHKrASgoe HongKongSARandSingaporcarcbothfirmlycstablishcdas popularlocationsformultinationalcorporatastolocatcthcirAsia Pacificheadquarters Agenda 01 02 .,i. Introduction wilethetwrcitieshavealwaysenjnyecacompetitiverivslry:ecentsocicanltical urestandatrictanti-riardemiceasuresinHnigKong,althnt.glnowshated. havepramptedscmecorpaniestrcrelocstestaff,functionsanr;hogdquarters aperationstasinapare,suggeatingthatmamentuniswththe'LionCity. Th3repartcrinpsresthetwamarketsacrasssevenkeyirdicatar3::hei-influence RoleasAsiaPacific businesshub ndustrypresengeand soale 03 04 ht.ilcdingigitiatives:tslentavaishiityancattrsction;cfficeren:3;andofice svsilability: Talentavailability andattraction Cfficerentsarnid aaiabiits UJK_R_SLAKCI *+22SC3RCIN: 01 RoleasAsiaPacific businesshub AT3elTw>tieHF-K<r-ASM9Foe Quickstats Cr1 BusinessHub n.I,',t?i HongKongSAR Uss362billion GDP Rcel.Aoo*202°) Us$374billion (SingaporocverlookHongKongin2021) US$43919 RcalGDPPerCapita (45:[20121) US$60,576 US$122,300 Annualgrosssalaryinfinancesectorlrwta.merlBark:ngsaot::to) US$B9,C00 US$91,700 Annualgrosssalaryintechnologysectar (rulSt=oekowelopc? US$89.200 7.4million Population(Ast2021) 5.5million 2.1million* No,ofpeopleattaining-post-secondaryeducation (45:[20121) 1.8million** 1,050sq.km. Area(As0°2020) 728scj,km. 7,125 Populationdensity (PHopslr:[Hrsr.kin.llIdare.Ax:fzt) 7,919 Typicalcffoctivccorporatctax 4.25%-17% 15% Maximumindividualincometax 24%(αffectivein2024) 0% GoodsandservicestaxorvAT 8% Pop.ilatirag;15a1dchcv *Kasdrnce:asod71:andah7sr So.iCxrd='riks,onl:iB:mk,CEIC,ilirdKus:Ltpatmint,InadRiverleA.:hity.Mclar:lPugeSalr+;Guie225 UJK_R_SLAKCI *+22SC3RCIN: Figure1:RealcDP,seasonallyadjusted 4C0 350 300 illion $sn 250 HongKongSAR Singapore 200 2010 2011 20122013 2014 2015 20162017 2018 2019 2020 2021 2022 Figure2:Topfiveindustrias'%contributiontoGDP,2021 Singaporo HangKongSAR Finaricial&insuranco Manufacturing 22% Publicadininistration, WholosuluLrade 18% %Cz social&:personalservices Finance&insuralice 15% Import.&exparttrada 17% Qtherservicesindustries 11% Construction& 8% Transportatian&storage 6% TransporLalion,sLoragc. 17% postal&courierservices 0% 20% 40% %05%10%15%20%25% Singapore's economyis morediversified C1 BusinessHub • Singapore'sreaGDFovertookthatafHong KongARin221ductcthoimpectrfsouicsulilicaurleslardanti-pancenic • polic'esinthelatter. +Thetopfiveinc.ustriesinHongKongSA? accountedfor76,cfthecity'sG3pin202-, slightlyergorsharethanSingapore's71%. Finariec'al&,inisuraricendtrad'ngareallong themcstimportantecon-omicpilla'sincothcities.Hovever.thefcrmercorma.ndsa relatvelylsrgersharerfGDPinHangKcng SAR • Whileianufectu'irgremginsthelaigestccrtributortoSingapore'sCDP,most manufactringinHongKoncSARhas alreadyrelocstedtomairlancchinsrrcther lowelcosllccaLiors,Thosorvicoscclor corriprisesiorethan90%cfHcngKong SAR'sCDP. • Seuro5tat'stiesDepartmertsGlresp6c.ive6conGnies,Fezrt'2723. CJK_R_SLAKCI*+2123C3RCIN: Figure3;ConnectivitvtotherestofAsiaPacific Four-hour =lighitcirclc SerHil Reijing Tokyo IcngKthgsait Iyilt:r:al:4] USS28TRILLIONGDP Ralgalore.* WithinAfourhourflightform HongKangSAR Singapore USS7TRILLIONGDP WlthinafourhourfllghtfromSingapore +Syaln.y 9hoursfromHongKongSAR 7.5hoursfromSingapor8 Surce:OxfordbcaromirsCsHbKarcarc.1,-buary2023. Connectivityto AsiaPacific C1 BusinessHub •Botlcitiessrelncatedattheeartofasia Facificandsenvasrcgionalaviationhul>s, • *MuslofNurLhAsia,wnichaccouriluufur USS28trilioroiDPin2021,liesvith'natour hourfligh:fromHongKang. Singaporeprrvideshetterccnnectivitytotae fast-growingcconomiosofsoutheastAsiaand Iridia. • • Singaporelittedquarartinerequirements'or internationalarrivalsirAugust2021.leadingto •Hong KongSARlidnotremovquarantino Iecuiururil:forinlarnalionalairivalsuntil September2022,1imonthsatterSingapore. 8strong:rehruncinvisitors. CJK_R_SLAKCI8-223C3CIN: F..,,?it. ATlT>heHKrASoe Figure4: Figure5: NumberofmultinatlonalsInHongKongSAR NumberofmainlandChineseflrmsinHongKongSAR -324 8,000 2.500 -5% +315 %乳+ 7,000 2.000 e,000 5,000 1.500 4,000 3,000 1,000 2,000 500 1,000 LocalOfficesRegionalOtticesRegionalHQs Count$sof..1eo"egchvee Arecompanies leavingHongKong? C1 BusinessHub • A.sofJurnc2022,appioxiralely1,200rrnvILinaliona ccrporationsrnaintainedregicnalhe=dquartersin HongKcrgSAR,adeclinecf5%frcmJune2019. • •Saricprliticalurrest.n2u7frllnviechythe Introcuction<fstrlcanti-anclemlcpxollcos picrislcddsulcclnvrberofmullinalionalslo teilpcrarilyrelccaasenicstat=ndregional coerationstcS'ngpcreoensureusiness • cnrtinuity Thoreslimitodvlconcocfamasaivecorpcratec migralicnuulofHongKengSAR.Tnucoclinoini rnutinationals''cotprin:hasbeensorngwhatcttsetbyanincreaseinactivityfronmainlandCh'nese crinpsniesestablishingsuhsidisriesirthecity. Sal.Yr:1:rnu1s:1r.Stnte*1csIpartmcnt.CHHKasonrc.1,bary71*3