Local investors extremely keen to snap up overseas properties in 2015: CBRE

Singaporeans are the third most active outbound investors.

More local investors are eyeing overseas property purchases in 2015, a report by CBRE revealed today.

According to CBRE, Singapore-based investors are the third most active outbound investors in 2015, after South Korean and Mainland Chinese buyers.

Buyers from Singapore also displayed the strongest intentions to invest in overseas property, with demand being supported by the sustained low interest rate environment in the local market along with their interest in expanding their portfolios beyond the home market.

The report also showed that Singapore-based investors are no longer confined to traditional regional markets, with more investors becoming keen on buying properties in Europe and North America.

"The strong economic recovery in the US is prompting some investors to shift their focus from Western Europe to North America. Nevertheless, EMEA continues to attract a high volume of Asian capitals. We are also seeing regional investors increasingly diversifying their investments when investing globally. They are less confined to acquisitions in traditional gateway cities in popular developed markets,” said Ada Choi, Senior Director, CBRE Research Asia.