Singapore beats Shanghai as top pick city among Asian property investors

That's for the next 12 months.

According to Colliers International, Asian investors are more confident about investing in properties, boosting optimism over the outlook for the region, according to preliminary data released by Colliers International Global Investor Sentiment Survey.

A majority of the respondents (62 per cent) believes that property markets across Asia will improve over the next 12 months, reflecting a higher level of confidence than last year when only 38 per cent of Asia respondents expects improvement in the year ahead.

Mr Simon Lo, Executive Director of Research & Advisory, Asia says, “The survey findings reveal that when Asian property investors make their investment decisions, the most important factor they consider is the economic growth of a region, followed by property fundamentals and sovereign/political risk.”

This time however, Singapore has emerged as the top pick city among Asian investors for the next 12 months, surpassing last year’s leader – Shanghai – that is now ranked third in the latest survey. 

Tokyo and Hong Kong are ranked fourth and fifth, respectively, in the respondents’ consideration list, Mumbai is the new joiner taking the second spot among the top destinations where Asian investors are most likely to invest in the year ahead.

Mr Tang analyses, “The long-term growth and appreciation of Renminbi (RMB) remain China’s appealing factors to investors, while some eye on the opportunities during the current cyclical recovery of the office sector in Singapore.