The emergence of global scale competition is leading towards the development of new mechanisms to help countries to become more competitive and technology parks are the vehicle of choice to achieve that.Technology Parks offer modern infrastructure and integrated info-structure to promote research and technology development and commercialization for wealth creation and sustainable economic growth and Global Competitiveness.This paper discusses the position of technology parks in East Asia; elaborates on their role in today’s nation development, analytically examines three selected technology parks in Indonesia, Malaysia, and Singapore using GCI Index 2015 and concludes that Technology parks have contributed to gross domestic product (GDP) growth, infrastructure development, knowledge community expansion, capacity building, and export production and distribution.However, optimum benefits of Technology Parks accrue when they are established and managed professionally in line with the best practices and all transactions are equitable, just, and transparent; the whole process must culminate trust nationally and internationally.