Urban marketing has gradually gotten more and more attention all over the world, and “sport” has become a trend in strategies for urban marketing. With marketing in urban sport, a city attracts foreign investments and visitors by organizing sport events, the charm of athletes, and the construction of stadiums, which leads to an increase in its economy and competitiveness. This study discusses the marketing strategies for Formula 1 SingTel Singapore Grand Prix from 2008 to 2010 by literature review and analysis. The results show that the strategies include image, attraction, infrastructure, and people marketing. By taking Singapore’s experience of organizing Formula 1 and successfully promoting its tourism as an example, the study reflects on current situation in Taiwan and expects Taiwan to develop its unique marketing strategies for urban sport in the future so as to increase its competitiveness.