Singapore property foreign investments ranked highest in 9 years

December 05, 2016 Singapore

Amidst uncertainty in the world of investment, foreign investors view Singapore as a safe destination.

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According to Ms. Christine Li, research director of Cushman & Wakefield“Foreign investors see Singapore as a defensive play where investment is fairly protected due to the strength of Singdollar,” which leads to the high demand of Singapore property this year from the foreign buyers.

This year’s $8.85 billion outlay was the best result in 9 years, coming from 2007’s $15.27 billion worth of foreign investments.

From the data shared by property consultancy CBREthe $8.85 billion accounts for 41.7% of the $10 million investment deals this year. These values are 46% higher from last year’s $5.46 billion and 2014’s $4.67 billion property investments.

Mega deals of Singapore property for office use resulted to higher percentage of property investments

Among the foreign capital gains of 2016, 76.5% or $6.77 billion was from the office sector, causing the continuous increase in number of foreigners buying Singapore property, according to CBRE.

But executive director of investment properties at CBRE, Mr. Jeremy Lake stated that there will be little new office space being completed for the next three to four years that could result to a rental growth.

Qatar, Malaysia and China’s deals sky rocketed Singapore properties’ investment rates this year.

Qatar Investment Authority attributed about $3.4 billion from the Asia Square Tower One in Marina Bay last June. While Malaysia developer’s IOI Properties Group unit’s Wealthy Link hit high sales records of properties in Singapore with a $2.57 billion from a place in Central Boulevard, also located in Marina Bay. Lastly, the $368 million acquisition of Chinese developer Qingjian Realty of Shunfu Ville in May added to the high rate of foreign investments to Singapore properties.

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