Singapore property now less attractive to investors
18 Apr 2016, Lucy Racheva Read the original article…
Singapore's popularity as a real estate investment destination has decreased this year, compared to other developed cities of Asia Pacific region, in particular investments in Australia and Japan.
This diminished attractiveness has been attributed to the property cooling measures, and the glut in office and logistics space. Without this cooling measures the prices of the property and the volume of deals, would have been higher by 33%, according to the central bank.
Despite this some institutional investors still view Singapore as a safe market.
Inbound investment to Singapore surged 157% to US$3.4 billion in 2015 on a yearly basis, according to the data from Real Capital Analytics.
Meanwhile, more money is being pumped into Australia and Japan’s property sectors, compared to those in Singapore, Hong Kong and China.
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