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Singapore one of top sources and destinations of property investments: study 

The Lion City is the 2nd biggest source and 9th biggest destination of global capital.

Singapore is the world’s second-biggest source of global cross-border capital, with over US$5.6b of capital invested coming from the city in the last six months of 2023, according to a report by Colliers.

The Lion City was also named the ninth-biggest global capital destination, with US$2.12b in standing assets as of 2023.

By asset class, Singapore firms invested $2.33b to industrial property assets, $1.7b went to office property assets, and $785m were invested in hotel properties.

Meanwhile, Singapore’s office properties received $742m in investments; its retail properties clinched $738m in investments; and its industrial property sector got $458m from investors overseas.

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Globally, the United States remained the largest source of global cross-border capital, with over US$12.74b. Hong Kong was the third largest source, with over US$3.93b invested. Canada (US$3.28b) and Germany (US$2.96b) closed out the top five.

As for where the money went: the United Kingdom took the crown as the top global capital destination, receiving US$8.41b in investments for its properties.The US followed, getting US$8.27b in investments; and Japan closed out the top three with over US$4.62b in investments received.

Germany (US$4.27b), China (US$3.89b), Canada (US$2.68b), Australia (US$2.38b), Spain (US$2.21b), Singapore (US$2.12b) and France (US$1.79n) are the other top global capital destinations, according to Colliers.

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“Asia Pacific performed best in 2023, with investment volumes reaching 91% of their 10-year average,” said Chris Pilgrim, Colliers’ managing drector of global capital markets, Asia Pacific.

“The APAC region’s performance was backed by a significant pick-up in investment activities in Q4, primarily in December, signalling the region’s strong potential for recovery in the year ahead,” Pilgrim added.

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