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Singapore is 2nd biggest Asian source of outbound capital for real estate

S'pore investors became more active in Asia, especially China, in H1. But y-o-y, capital outflow dipped 37%

Published Thu, Aug 29, 2019 · 09:50 PM

Singapore

INVESTORS from Singapore spent US$5.7 billion on offshore commercial real-estate investments in the first half this year, emerging as the second-largest source of Asian outbound capital.

South Korea-based investors pipped them to the top spot, chalking up US$6.8 billion in overseas transactions in that time frame, says a report by real-estate agency CBRE.

Year on year, however, outbound real estate capital flows from Singapore fell 37 per cent in H1 2019.

The drop is sharper (by 50 per cent) from H2 2018, but this trend could be seasonal; Singapore-based investors are more active in the second half of the year - and h…

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