Singapore booted out of top spot in world built asset wealth ranking

It held the top position previously in 2013.

Don’t look now, but Singapore has already been dethroned in the 2015 built asset per person ranking, falling into second place behind Qatar.

As a consolation, the city-state, however, kept its top spot in the Asia-Pacific.

According to the rankings by Arcadis centre for economics and business research, the study calculates the value of all the buildings and infrastructure that contribute to economic productivity in 32 countries, which collectively make up 87% of global GDP.

Singapore’s built asset wealth per person stands at US$191,500 per person, while Qatar’s is at US$198,000.

However, losing the top spot doesn’t exactly mean Singapore has been lax in its infrastructure investment. In fact, it’s the opposite.

”Singapore’s sustained performance of this small, densely populated island state reflects a continued and focused investment in infrastructure. It has retained a high end manufacturing industry and continues to be a desirable environment to live, work and do business,” said Chris Graham, Arcadis head of business advisory, Singapore.

“Total built asset wealth now stands at an estimated US$218 trillion, which is the equivalent to US$30,700 per person alive today. China now has a built asset wealth of US$47.6trillion, overtaking the USA which comes in second place with a wealth of US$36.8trillion,” the study said.