Singapore investors pumped US$9.7b into Asia-Pac property in 2016

Singapore

SINGAPORE investors ploughed more capital into real estate in the Asia-Pacific last year than a year earlier, with land and offices topping their list of purchases, even as their acquisition fervour back home continued to ease.

Data from Real Capital Analytics (RCA), which tracks portfolio or standalone acquisitions of at least US$10 million, showed that outbound real estate investments in the region by Singapore investors rose 31.8 per cent to US$9.7 billion, while domestic investments slipped 20.7 per cent to US$4.8 billion.

The S$4.1 billion acquisition of commercial property Century Link in Shanghai Pudong by a fund set up by Singapore-lis…