These are how 9 Singapore developers plotted overseas properties as local market worsens

UK and AU have become favorite spots.

Based on BNP Paribas' trend analysis, they arrived at a base case where pent-up demand is fully met by 2015E, and where the market could shift towards oversupply from 2016E due to record-high supply, tight immigration policies and rising interest rates that dampen demand.

"We think excess supply could build up and peak in 2020E, before easing thereafter. We expect physical prices to continue their fall and bottom out in 2018/19E ahead of supply peaking in 2020E," it said.

Given the challenging operating environment in Singapore housing, developers find it difficult to grow their property business in Singapore. As a result, to seek more growth and to diversify their risks, many Singaopre developers have chosen to expand overseas in countries such as China, Vietnam, Malaysia, and Australia.

CapitaLand and Roxy-Pacific thus far have been the most aggressive in overseas expansion with the former securing 2 deals in June, 2 more in July and 1 in September. Roxy-Pacific on the other hand made its move earlier in the year as it sealed 2 Australia-based deals in March, and one each in April and June in Malaysia and Indonesia. 

UK has been the companies' refuge as Ho Bee Land, Oxley Holdings, and Heeton Holdings secured a total of 4 properties there. Australia also provided comfort as Figtree Holdings, Roxy-Pacific, and Sim Lian Group flocked to the land down under to get themselves a total of 4 properties.