VNExpress/StraitsTimes-June 9

Singapore has been recognized as one of 12 global technology “powerhouses,” well-positioned to attract the capital and talent necessary to foster a robust AI ecosystem. The city-state was noted for its strong tech ecosystem, abundant talent pool, and a business-friendly environment that attracts global talent and investment, despite being the smallest of the five Asia-Pacific tech hubs listed in the Global Tech Talent Guidebook 2025 by property consultancy CBRE. But Singapore ranks among the most expensive cities for operating a tech business, placing 24th out of 115 markets for software engineers’ salaries, with office rents second only to Paris. The top 12 powerhouses also include Beijing, Shanghai, Bengaluru, Tokyo, San Francisco, New York, Seattle, Boston, Toronto, Paris, and London. With 45% of its 4.3 million working-age population holding at least a university degree, Singapore trails only Ireland and Switzerland in educational attainment. Ravi Nippani, head of regional industries and solutions at Mercer Asia, said that CBRE’s findings are consistent with consulting firm Mercer’s March survey, which ranked Singapore third in Asia, behind China and India, for the number of tech jobs reported. “Singapore’s tech ecosystem is quite mature and vibrant in terms of roles, encompassing both front-line and supporting positions,” he said, as reported by The Straits Times.

“When compared with the sheer size of the working population in China and India, Singapore is more than punching its weight and can rightly be given powerhouse status.” The Asia-Pacific region boasts the largest tech talent pools, with cities like Beijing, Shanghai, Shenzhen, Bengaluru, Delhi, Hyderabad, Mumbai, and Tokyo each reporting over 500,000 tech professionals. Labor costs were highlighted as the primary expense for tech companies. In Singapore, software engineers earn an annual base salary of US$111,000, but with some of the world’s highest rents, they allocate over 29% of their income to landlords.

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