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Global investors flock back to Singapore’s commercial property market
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In August, a regional sovereign wealth fund bought a 49 per cent stake in Elementum, a life sciences complex in Singapore, from Ho Bee Land for $272 million.
PHOTO: HO BEE LAND
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SINGAPORE – Overseas investors charged back into Singapore’s commercial property market in the third quarter of 2024 after spending most of 2023 on the sidelines.
High-profile global firms and publicly listed buyers have accounted for about 75 per cent of activity in the commercial real estate space so far this year, said investment research firm MSCI.
