Bankbazaar Singapore – January 29, 2018
Singapore: According to a report from the property services firm Cushman & Wakefield (C&W), investments rose 40% globally to S$37.18 billion in 2017. Investors focused on a broad portfolio which included residential and industrial sites to properties such as student accommodation.
GIC’s deal with Monogram Residential Trust to take over the latter for a sum of S$5.76 billion last year was the biggest deal by a Singapore-based entity ever recorded. China’s weak performance has mostly been due to regulatory crackdown on outflows. There was a 66% drop in investments from the Communist nation.
Analysts expect the trend to continue in 2018. According to a Bloomberg report, as China continues to remain stringent on controlling outflows and Singaporean investors actively seek to diversify their portfolio, the US market could witness more investment from the Lion City.
Priyaranjan Kumar, Regional Director for Capital Markets in the Asia Pacific for C&W, agreed to this as he noted that Singapore may remain the biggest real-estate investor in the US. Globally the country was the third biggest investor in the US after Canada and France last year.
Many banks in Singapore give overseas property loans to allow Singaporeans to invest in real estate abroad.