Singapore investors spend US$4.6b on cross-border real estate
SINGAPOREAN investors have spent in total US$4.6 billion on cross-border real estate transactions in the 12 months through to the second quarter of 2018, according to a report released by Real Capital Analytics (RCA).
RCA, a real estate and market intelligence provider, ranked Singaporean investors as the second most active in Asia-Pacific during the reported period.
It noted that Singaporean investors have chiefly concentrated on Chinese and Australian real estate. Real estate investment flow from Singapore to Australia alone had risen 8 per cent year-on-year to hit US$3.3 billion, the fifth highest cross-border flow in Asia-Pacific.