Singapore's overseas real estate investment ranks first in Asia
According to data released by CB Richard Ellis Group, the total investment of Singaporean investors in the overseas real estate market in 2018 was as high as US$21.6 billion, a year-on-year increase of 3.35%. Singapore's investment in overseas real estate accounts for about 40% of Asia's total overseas real estate investment, ranking first among investors in Asian countries and regions.
Siu Huixian, executive director of the Asia-Pacific region of CB Richard Ellis Group's global capital markets, believes that the scale and opportunities of the Singapore real estate market are limited, and investment returns are relatively limited. In contrast, Singaporean investors are more willing to invest in overseas real estate markets with higher yields. In 2019, given the weak growth of the Singapore real estate market, Singapore's investment will continue to flow overseas.
The data shows that in addition to Singapore, South Korea, Malaysia and India also increased their investment in overseas real estate markets in 2018, with investment in the three countries increasing by 15.87%, 132% and 291% year-on-year respectively.
In 2018, the regions where Asian investors invest the most in the real estate market are still Europe, the Middle East and Africa, with a total investment of US$21.5 billion. In terms of cities, London ranks first. Asian investors account for 85% of the total investment in the London real estate market, with investments mainly from Hong Kong, Singapore and South Korea.