Singapore's renewed love affair with Aussie property driving acquisitions
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE investors' love for Australian real estate was rekindled this year, with acquisitions up 20 per cent to US$3.4 billion driven by the transparent and deep market, good yields, freehold opportunities and cheap currency.
"Australia has always been a treasure cove of acquisition targets for Singapore companies; maybe it's a Singaporean thing... where we go there so often for holidays or to (further our) studies," said Derek Tan, DBS Group Research property analyst.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
