SG is 2nd most preferred destination for cross-border investment in APAC

Last year, the Lion City ranked third.

Singapore has risen in the ranks of the most preferred destinations for cross-border investment in Asia-Pacific, the latest CBRE Asia Pacific Investor Intentions Survey showed.

In the 2023 edition of the survey, Singapore rose to the second rank, behind Tokyo. Last year, the Lion City placed third.

According to CBRE, Singapore’s “stable currency, political and tax system” were the key factors why Singapore remains an attractive destination for real estate investments. 

“Whilst institutional buyers are likely to stay low profile in the short term, private wealth and families remain interested in Singapore as a location for long-term real estate
Investment.” the real estate expert commented.

In 2022, Singapore’s investment volumes crossed $30b, its highest record over the last four years. And whilst there was an absence in large ticket deals during the second of last year, CBRE said strata offices, shophouses and GCBs still saw resilient volumes.

“As such, we expect buying interest for these segments to continue in 2023,” CBRE commented.