Singapore investors keen on snapping up more overseas properties as regional currencies weaken

Japan and Australia are key targets.

Singapore investors remain keen on snapping up more overseas properties as regional currencies weaken against the SGD.

According to CBRE, Singapore-based companies and funds remain on track for more overseas acquisitions this year, after being the top source for outbound investment in 2014.

“Despite the expected currency losses for existing investors in Japan and Australia, the cheaper currencies support potential real estate opportunities in the tourism, retail and export industries. And while the relatively strong currencies in Hong Kong, Singapore and China make investing in these markets expensive for foreign buyers, it simultaneously provides domestic investors leverage to acquire assets abroad on account of their stronger purchasing power," said Richard Kirke, Managing Director, CBRE Capital Markets Asia Pacific.