Singapore ranked first in Asia's best real estate investment destinations

The country's strong economic growth and brisk activity in the financial and high-technology industries pushed Singapore to top the rankings.

The survey was jointly undertaken and published by the global non-profit Urban Land Institute and PriceWaterhouseCoopers.

According to Colliers International's global Investor Sentiment Survey for 3Q 2010, investors who are prepared to venture outside their local markets have indicated Singapore as one of the preferred investment target markets in Asia.

Singapore’s position as a leading investment hub in the region places her well in the target destinations of foreign investors.

The expected healthy demand will likely be well supported by the availability of stock. In the completed properties segment, investors can look forward to, amongst others, some 3.23 million sq ft of ready-built flatted factories by JtC Corporation from its second stage of divestment exercise.

In the land segment, the bumper state land supply, as well as the pipeline of collective sales sites, are expected to whet the appetite of developers keen to boost their land bank.

The 1H 2011 glS programme would comprise a total of 55 sites, 23 of which are sites on the Confirmed list, and 32 are reserve list sites. These could potentially yield a high of 14,300 private residential units, some 3.42 million sq ft gross floor area of commercial space, 4.18 million sq ft of gross industrial space and 3,700