The Capital leads in green real estate
The capital, along with Singapore, Sydney, Perth and Melbourne make up the top five on global real estate company Frank Knight’s Asia Pacific (APAC) Sustainably Led Cities Index in its Rising Capital in Uncertain Times report.
The five cities benefit from a myriad of factors, such as reduction in per person carbon emissions, a large number of green spaces and low urbanisation pressures.
However, an unavoidable issue for all cities is climate risk, and some cities in Asia Pacific (APAC) will be more prone to them than others, especially cities located closer to the equator, says the report.
Already prolonged drought is taking the lives of many and heightening food insecurity. Sea level is also set to rise in tandem with the increase in global temperature.
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