Singapore's renewed love affair with Aussie property driving acquisitions

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.