29 Jul '11, 2pm

Sydney conquers Asia-Pacific in Cities of Opportunity report

Sydney conquers Asia-Pacific in Cities of Opportunity report

Although Seoul has an affordable public transport, their living cost is still relatively high. It can be seen from their purchasing power. The Seoul population in general has a relatively low purchasing power compared to other countries on the list. Seoul is positioned 10th last in purchasing power. It means their hourly payment rate per commodity price and rental rate ratio is low, thus Seoul needs to either increase their hourly payment rate or decrease their commodity price and rental rate. Seoul also fares quite badly in lifestyle asset and sustainability. Seoul ranks 5th last for lifestyle assets, with major problems for sports and leisure activities, as well as green space as a percent of city area and hotel rooms. While for sustainability, Seoul or to be precise South Korea as a country have not consumed much renewable energy yet until date.

Full article: http://sgentrepreneurs.com/commentary/2011/07/29/sydney-c...

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