The report, which evaluated more than 140 cities based on metrics such as price-to-income ratio, tree cover, air quality, employment rate, tourism attraction, and the presence of Fortune Global 500 companies, surveyed over 7,000 respondents from nine Asia-Pacific countries.
Singapore was ranked first overall, followed by Tokyo, Seoul, Hong Kong, Bangkok, Sydney, Shanghai, Melbourne and Kuala Lumpur.
In terms of prosperity, Singapore led the rankings, driven by its strong employment figures and the concentration of global corporations headquartered in the city.
However, for livability and lovability, Singapore ranked second to Tokyo.
"A global powerhouse excelling in infrastructure, GDP per capita, and innovation, Singapore continues to redefine modern urban living," the report stated.
Hugh Lim, executive director of the Center for Livable Cities (CLC) in Singapore, said during a Wednesday lecture where the report was unveiled that the study serves as a valuable resource for understanding and reflecting on Singapore's ongoing development.