Urban entrepreneurialism in Singapore the case : study of Suntec City.

Pow C.P., . (2001) Urban entrepreneurialism in Singapore the case : study of Suntec City. [Proceedings Paper]

It has been widely theorised that recent urban restructuring and global competition have led to the emergence of an entrepreneurial mode of governance which focuses on the pursuit of economic growth and often in close alliance with global private capital. Within the entrepreneurial regime public-private partnership has often been deployed in the construction of prestigious flagship projects or urban megaprojects such as spectacular waterfront cities convention centres and other mixed-use commercial developments. Using Singapore as a case study this paper focuses on Suntec City - a S2 billion US1.15 billion flagship project financed by transnational Hong Kong capital. In particular the paper will examine the formation of elite partnership between local public officials and global business elites. As will be argued the construction of urban flagship projects are not only embedded in the political economy of urban places but also deeply implicated in the social relations and political networks between urban elites. In the case of Suntec City the complex inter-relationships between local public officials/institutions and global private capital have further shaped and influenced the property development. Hopefully through the case-study of Suntec City implications of new urban flagship developments proliferating in other Southeast Asian cities will be drawn.

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Abstract

It has been widely theorised that recent urban restructuring and global competition have led to the emergence of an entrepreneurial mode of governance which focuses on the pursuit of economic growth and often in close alliance with global private capital. Within the entrepreneurial regime public-private partnership has often been deployed in the construction of prestigious flagship projects or urban megaprojects such as spectacular waterfront cities convention centres and other mixed-use commercial developments. Using Singapore as a case study this paper focuses on Suntec City - a S2 billion US1.15 billion flagship project financed by transnational Hong Kong capital. In particular the paper will examine the formation of elite partnership between local public officials and global business elites. As will be argued the construction of urban flagship projects are not only embedded in the political economy of urban places but also deeply implicated in the social relations and political networks between urban elites. In the case of Suntec City the complex inter-relationships between local public officials/institutions and global private capital have further shaped and influenced the property development. Hopefully through the case-study of Suntec City implications of new urban flagship developments proliferating in other Southeast Asian cities will be drawn.

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Item Type:	Proceedings Paper
Additional Information:	Summary En
AGROVOC Term:	URBANIZATION
AGROVOC Term:	URBAN AREAS
AGROVOC Term:	URBAN ENVIRONMENT
AGROVOC Term:	DEVELOPMENT PROJECTS
AGROVOC Term:	CAPITAL
AGROVOC Term:	INVESTMENT
AGROVOC Term:	JOINT VENTURES
AGROVOC Term:	SINGAPORE
Geographical Term:	MALAYSIA
Depositing User:	Ms. Norfaezah Khomsan
Last Modified:	24 Apr 2025 05:27
URI:	http://webagris.upm.edu.my/id/eprint/16470

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