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Singapore investors most confident in Asia of buying property in region: CBRE
SINGAPOREAN investors are the most confident in Asia in property investments in the region, a CBRE report on Tuesday showed.
About 70 per cent of those polled said they intend to buy more property this year. This is followed by investors out of Hong Kong and China, though in the latter's case, Chinese investors have greater intention to sell. The shift suggests that they intend to offload non-core assets onshore, in favour of overseas property purchases, CBRE said.
This comes, though, as the eagerness over real-estate purchases has tempered. This year, 54 per cent of investors plan to buy more property in the region, down from 64 per cent a year ago.
Investors out of Singapore also count among the top most active outbound investors this year, falling only behind those from South Korea and China.
Major markets such as China, Japan and Australia remain the top investment destinations in the region, though other mature markets such as Hong Kong and Singapore have moved up in ranking, CBRE said.