Singapore investors snapping up Australia commercial properties despite pandemic
They have poured A$1.2b into such assets in H1 2020, compared with A$972m in H1 2019: Cushman & Wakefield
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SINGAPORE investors poured a total of A$1.2 billion (S$1.19 billion) into Australian commercial real estate in the first half of 2020, higher than the same period last year, according to Cushman & Wakefield data. It was A$972 million in H1 2019.
These investors accounted for A$4.84 billion worth of transactions during 2019, the highest on record and ranking as the top source of offshore capital targeting Australian commercial real estate assets.
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