Bengaluru, India, has been identified as the world’s fastest-growing city by 2035, according to a new analysis by Savills. The report, part of Savills’ Impacts thought leadership programme, highlights that cities in Asia Pacific will make up 75% of the top 50 and 85% of the top 20 fastest-growing cities globally over the next decade. Ho Chi Minh City in Vietnam follows Bengaluru, driven by infrastructure investment and a burgeoning middle class.
Savills’ study examined the economic prospects of 245 cities, focusing on factors such as GDP growth, personal wealth, and migration patterns. The findings suggest that cities in India, Vietnam, and China will be key growth hubs, with Manila and Kuala Lumpur also making the top 20 list. This anticipated growth is expected to spur rapid development in real estate markets, presenting opportunities for investors and developers.
Chris Marriott, CEO of Savills South East Asia, noted the demographic advantages of Southeast Asia, stating, “With a median age around 30 and a large portion of the population under 35, Southeast Asia’s growth hubs benefit from a powerful demographic tailwind.” This young workforce is expected to drive demand in sectors such as manufacturing, logistics, and housing.
Paul Tostevin, Head of Savills World Research, added that the diversification of Western supply chains is elevating Asian manufacturing and expanding the middle class, thus creating new markets for retail and leisure. The report underscores the transformative economic shifts benefiting Asian cities, positioning them as pivotal players in global growth.
