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.
Major deals of 2013 include Bright Ruby Resources acquiring Grand Park Orchard in Orchard Road for $1.2 billion, the largest non-real estate investment trust and non-Government Land Sales deal in 2013.