Singapore drops out of top 20 cities for property investment: Report

SINGAPORE - Singapore has fallen out of a ranking of the top 20 cities for property investment, says a report released on Tuesday.

Singapore, along with Toronto, Moscow and Seoul, were knocked out by Beijing, Shanghai, Miami and Stockholm.

However, the report by consultants Cushman & Wakefield noted that "most of these moves are relatively small".

It added that Singapore, as a core gateway market, is one of the cities that will "deliver steady growth thanks to constrained pipelines and firming demand".

As with other markets - Tokyo, London, Berlin, New York and San Francisco - Singapore has strong potential to grow, but more risk taking is needed to boost returns.

Singapore was also popular for investments across five sectors featured: office, multifamily, hotels, industrial and retail.

The report noted that investor demand in Asia remains strong and liquidity is high, due to rising real estate allocations from pension funds and insurance companies.

However, investors are holding back because of economic uncertainty and tighter lending conditions in some markets.

Investment ranking 2014

Join ST's Telegram channel and get the latest breaking news delivered to you.