Overseas property buying appetite boosted by SGD’s strength versus other currencies

Australia, Europe and Japan are key investment markets.

Singaporean investors are more keen to snap up overseas properties following the Singapore dollar’s appreciation against Australian Dollar, Euro and Yen.

According to Colliers, local investors are likely to snap up more properties in Australia, Europe and Japan as there is a lack of attractive properties at home.

“Singapore investors will likely be buying an income-producing asset in a key gateway city that has a net yield of around five per cent, with tenancies for as long as they can get. This serves as bond-like investment instrument for them,” said Terence Tang, Managing Director of Capital Markets & Investment Services--Asia at Colliers International.