Singapore investors splurged US$17.3b on overseas properties in 2013

Here are the top 5 destinations.

Citing the Real Capital Analytics’ statistics, Savills said Singapore buyers invested a total of US$17.3 billion in overseas properties in 2013, 31.8% higher than the US$12.3 billion in 2012. The UK, China, Malaysia, Australia and the US are the top five destinations, accounting for 80.3% of the total overseas real estate investments by Singapore investors.

Here's more:

For the whole of 2013, private sector transaction values increased 8.0%, from S$18.6 billion in 2012 to S$20.1 billion, while the public sector totalled S$9.7 billion, down 11.2% from S$10.9 billion a year ago.

The presence of Chinese investors/ developers has been increasing over the years. In 2013, they bought building blocks/land parcels totalling almost S$3.3 billion (excluding joint ventures with local/other overseas investors and companies), tripling the S$1.0 billion recorded in 2012. On the other hand, Singapore investors shifted their buying interest overseas in 2013.

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