More property investors in Asia adopt wait-and-see approach

Singapore

MORE real estate investors in Asia are sitting on the sidelines, with transaction volumes across the region falling 24 per cent year on year in the third quarter in contrast to significant increases in the United States and Europe.

The declines were particularly pronounced in Singapore, Hong Kong and China, which have seen a substantial level of investment capital flowing into other markets as their governments have implemented measures to curb surging property prices.

Singapore's appeal with real estate investors has waned, falling to ninth place from seventh previously, according to a report jointly published by the Urban Land Insti…