Local developers emerge as Asia’s most aggressive foreign property investors

They splurged $10b in the first nine months of the year.

Local developers are casting their nets wide in overseas market. With accretive assets hard to come by in Singapore’s tight property market, local developers have become Asia’s most aggressive overseas property investors.

According to PwC, Singapore emerged as the largest net exporter of capital in the first half of the year, with developers splurging around $10b to acquire overseas assets from January to September.

Meanwhile, Colliers notes that while Chinese investment continues to dominate headlines and is emerging as a major source of outbound capital, Singapore remains the dominant player hen it comes to targeting all regions across Asia Pacific.

“Singaporean institutions rank among the top foreign investors in Australia, mainland China and the United Kingdom, and will likely continue to put money to work in these markets,” noted Colliers.