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In The Money
UK still a popular choice for Singaporeans investing overseas
This fortnightly column addresses readers’ queries on investing issues. This week, we look at residential property markets overseas.
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Residential properties advertised in the window of an estate agency in London, on June 20, 2022.
PHOTO: BLOOMBERG
Britain remains the favourite destination for Singaporeans investing overseas.
Mr Alan Cheong, Savills Singapore executive director of research and consultancy, said this is because of Singaporeans' familiarity with that market, adding: "Most buyers have either frequented the country, were educated there or have sent or are about to send their children there to further their education. For buyers of UK private residential properties, they may invest in a city but their children could be studying in another. They do so because the UK is not a big, sprawling country, unlike the United States."
