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."