Interest in Singapore property seen waning in 2016

SINGAPORE has been slipping in its real estate investment prospect rankings over the past few years, falling from first place in 2011 and 2012, to third in 2013, seventh in 2014 and ninth in 2015.

It is expected to fall further to 11th place in 2016, halfway down the list of 22 regions studied by PwC and Urban Land Institute. In other words, most investors are showing little interest in Singapore next year.

Tokyo, Sydney and Melbourne took the top three spots for investment prospects in 2016, in that order.