Singapore is top Asian property buyer in the US, UK and Australia, surpassing China

The River Thames is seen in London on Oct 19, 2015. PHOTO: BLOOMBERG

KUALA LUMPUR (THE STAR/ASIA NEWS NETWORK): Singapore tops the list of Asian investors in the property sector in the United States, the UK and Australia.

China investors have been the second-largest in the three countries over the last two years, according to property consultancy Knight Frank in its "Global Cities: The 2016 Report",.

Malaysia is the third-largest investor in Australia and the UK, with the US and continental Europe being less favoured.

Over the last 24 months, Asian investments into the United States, the UK, Australia and continental Europe totalled US$78.4 billion (S$109.5 billion).

Singapore's investments to the UK, the United States, continental Europe and Australia totalled US$25.10 billion.

The US took the bulk of Singapore investments (US$10.68 million), followed Australia (US$6.85 billion), the UK (US$6.44 million) and Europe (US$1.13 million).

China invested a total of US$22.09 billion, with the US also being its favourite.

Malaysia's investments totalled US$5.61 billion, with the UK receiving US$2.23 billion.

The period covered by Knight Frank's survey is between the third quarter of 2013 and the second quarter of this year.

South Korea tops the list of property investors to continental Europe.

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