
More Singaporeans invest in London residential property
OCBC's volume of London home loans more than doubled in the last quarter of 2010.
According to OCBC, this is compared to the volume in the first three months following the launch of their loans.
The strong loans book was driven by the growing demand among affluent customers for overseas properties following the weakening of the pound against the Singapore dollar, and the attractiveness of London property.
The increase in Singapore private property prices in the past two years has also spurred many investors to go beyond the Singapore market in search of better investment opportunities even as they diversify their investment portfolios.