WS Rankings Friday, 28 January 2022

Most Liveable Cities in Asia 2021

Wealth and Society Liveable Cities Ranking index is an evaluation of the tier 1 cities in the Asia Pacific region. Many upper middle-income families are considering various factors to gauge the liveability of cities across the globe and assess which cities offer the best and the worst living conditions. The ranking has manifold uses, right from assisting such families understand the liveability ratings to understanding development levels in these cities from a robust perspective. With rapid urbanisation and rising focus on SDGs, cities must offer a conducive environment for families to thrive and live sustainably. Our ranking therefore quantifies the challenges and amenities that may be presented to families living in a given location and it can be used to compare with other locations to find the best suitable city for a family.

Belief Statement

The Liveable Cities Ranking index identifies the suitability of the major tier 1 cities by region for an internationally mobile family of four, including parents and two school going children, to raise a family in a socially responsible, professionally rewarding and ecologically sustainable manner. The index is a conglomeration of affordability, quality of life, safety and natural environment.

Evaluation Criteria

Every city is assigned a rating for a few factors across five broad dimensions: quality of life, cost of living, healthcare, safety and pollution. The scores for each category are then combined for a total score and then weighted. We have attempted to be as objective as possible by using measurable indices that are good proxy for each of the elements identified. Then the liveability rating is provided both as an overall score and as a score for each category.We then tested the weightage according to intangible insights obtained from newspaper reports for each city. The proxy data used for each of the measurable indices are as follows:


Dimension Weights Description
Quality of life index 20% Quality of life measures the quality of amenities like education, infrastructure, housing and public services.
Affordability index 20% The cost of living index captures the cost of housing, transportation, food, utilities and recreational activities.
Healthcare index 20% It measures the quality and accessibility of healthcare facilities.
Safety index 20% It measures the crime rate in the city as a percentage of the total population.
Environmental quality index 20% It is an aggregate measurement of air and water pollution levels.

The scoring is based on a scale of 1 to 100 where 1 represents lowest score and 100 represents highest score.


Advisory Council

Mr. Gordian Gaeta, Chairman, Wealth and Society

Mr. Gaeta has been an investment consultant for more than 25 years. He has advised and served many of the leading financial services organisations across Asia and close to half of the top 100 banks worldwide. He specialises in developing and implementing analytical solutions for complex strategic issues in financial services-related industries undergoing significant change or being exposed to intricate risk issues. He is currently the principal of Leopard Capital. As chairman, he convenes the advisory boards in their core function of validating the matrices used in the programmes ratings, rankings and awards to ensure that they are conducted in a professional, impartial and accountable manner.

Mr. Emmanuel Daniel, Founder, Wealth and Society

Mr. Daniel is the founder of the Wealth and Society programme. He is also the founder of TAB International, the holding company of Wealth and Society, The Asian Banker and other media and professional community platforms. He is a writer, an entrepreneur and thought leader in the future of the financial services industry and is the author of Finance after the pandemic, that sketches the future of the finance industry. Mr Daniel set up Wealth and Society as a platform to influence the increasing number of ultra-high net worth individuals to direct their wealth towards building a sustainable and progressive society.

Mr. Robert Rubinstein, Advisor, Wealth and Society

Mr. Rubinstein, chairman and founder of TBLI Group Holdings, has been an integral thought leader for the Triple Bottom Line Investment Industry for many years. His mission, spearheaded by the organisation TBLI Group, is to create an inclusive values based economy. The aim is to maximise investment flows into sustainability initiatives by showing the opportunities triple bottom line investing offers to investors. For more than 20 years, TBLI Group has built the ecosystem for the Impact Investing and ESG community through advisory, educational and networking services.

Dr. Alain Chevalier, Advisor, Wealth and Society

Dr. Chevalier is a full-time Professor of Finance at ESCP Europe. He is also a former Vice Dean, a former Vice Director General, a former Academic and International Dean and a former Dean of Faculty at ESCP Europe. He holds a Ph.D. in Economics (Paris Ouest Nanterre), a Ph.D. in Management (Paris Dauphine) and the French qualification for Ph.D supervision (Habilitation à diriger des Recherches-ESA Lille 2). He created and supervised the Finance concentration at ESCP Europe. He was also Chairman of the Finance Department for several years. Alain Chevalier was also one of the founders of the French Finance Association (AFFI) and is a former President of the European International Business Academy (EIBA). Dr Chevalier is presently a member of the technical committee of the convertible bonds index of NYSE-Euronext and is a board member of several scientific associations in finance, international business and operational research.