S'pore Tops Region For Property Investment Prospects

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Source: https://www.straitstimes.com/business/property/spore-tops-region-for-property-investment-prospects

 

A recent report by Urban Land Institute and PwC identified Singapore as the top ranking prospect for real estate investment in 2020. This is based on price increases.

The report noted that over the last few quarters, Singapore home prices have rebounded, indicating resilience in the residential market. The oversupply in the office sector was also absorbed.

Singapore registered a 73 percent jump in property transactions in the first half of 2019, mainly driven by foreign investments. Deals totaled US$4.9 billion (S$6.7 billion). Australia is the other market, in the region, to register an increase, with transactions rising 3 percent to US$12 billion.

The report observed that the regional unrest has made Singapore more attractive to investors who are avoiding China and Hong Kong.

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