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Singapore investors buy record US$26.3b of overseas properties in 2015
The new high was boosted by big purchases by GIC and GLP, though mid-sized and smaller buys also figured in the tally
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Published Tue, Jan 19, 2016 · 09:50 PM
Singapore
SINGAPORE-BASED investors purchased a record US$26.31 billion in overseas real estate in 2015, up 49 per cent from US$17.63 billion in 2014, going by preliminary data compiled by real-estate data and analytics firm Real Capital Analytics (RCA) as at Jan 12.
The increase reflects Singapore investors' strategy of targeting the world's most liquid markets to diversify and grow their portfolios in the low-interest-rate environment.
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