Real estate investments by foreign developers doubled in 2013
Published on Jan 8, 2014 5:07 PM
Foreign investments in the local property sector surged in 2013, while the share of real estate investments by foreign developers doubled, said a DTZ report on Jan 8.
Foreign investments saw a year-on-year increase of more than 30 per cent to $4.1 billion in 2013.
Most of these investors were from Asia. They invested $3.7 billion, which accounted for close to 90 per cent of all foreign investments in 2013.
Chinese investors were particularly active in 2013 as well, as they invested $2.9 billion in Singaporean properties. This is almost triple the $1 billion worth of Chinese investments in 2012.
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