Hotels and serviced apartments are increasingly finding favour among corporate investors in Singapore, according to property consultants. Chesterton Singapore says the segment is compelling, leveraging on the growth in tourism as well as rising interest in hospitality real estate investment trusts. Mapletree Investments recently signed a deal to buy a 49-per cent stake in Oakwood Asia Pacific, with...
Property Investment
Total investments on Singapore properties among international investors surged to S$6.4 billion last year, says property consultancy Knight Frank. This was nearly double the S$3.4 billion in 2012. The residential segment accounted for the majority of the investments, but analysts say investors are shifting their focus to hotels and commercial properties. "The Panorama" in Ang Mo Kio by Hong Kong's...
The property market here may be losing its shine, as Singapore falls out of the top five Asia-Pacific real estate investment destinations for next year in a joint survey of industry professionals by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI). The PwC-ULI report, Emerging Trends In Real Estate Asia Pacific, found that Singapore fell to seventh place for 2014 from third place this...
Property consultancy Savills said the real estate investment sales market recorded S$13.4 billion worth of deals in the third quarter of 2013, as of September 24 -- that is the highest quarterly transaction value in the the past five years. The sales were partly driven by the divestment of several commercial properties into the SPH Real Estate Investment Trust as well as the OUE Hospitality Trust....
Big institutional investors have been actively buying up properties across the region. Property investments by pension, insurance and sovereign wealth funds have doubled over the last two years. And some of these investments have spilled over into the Singapore property market. Property sales for investment purposes hit S$31.45 billion in Singapore last year. These include purchases of government land,...
Property investments remain a core asset in the investment portfolios of Asia's wealthy individuals. According to Citibank Singapore, real estate accounts for a third of client portfolios under its management. These customers typically have net assets of S$1m and above. Property prices in Asia, particularly Singapore and Hong Kong, have seen a boom in recent years. This is particularly due to low...
The Republic is no longer the region's top destination for real estate investment and development opportunities, according to a report co-published by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI). In the report, called Emerging Trends in Real Estate Asia Pacific 2013, the Republic fell to third place in the rankings, losing the top place it held for the last two years to Jakarta. "The...
The real estate investment sales market in Singapore surged 19.6 per cent in the third quarter from the previous three months, recording a total transaction value of almost S$9 billion, the highest quarterly total seen since the first quarter of last year, property consultancy Savills said yesterday. The residential segment recorded S$3.7 billion of transactions in the investment sales market, up 26.7 per...
According to the latest DTZ Research report which highlights real estate investment activity, real estate investment activity in Singapore dopped by 50 per cent in the first quarter of this year to S$3.7 billion. This compared to the previous quarter where investment sales hit S$7.4 billion. Reasons include investors remain mindful of rising business costs, global economic uncertainties and a weaker...
Property investment sales for this quarter so far have plunged to a two-year low of about S$3.4 billion as of 12 March 2012, but Q1 figures could still rise to around S$3.8 billion, according to Savills Singapore. The 12 March tally is notably 57 percent lower than Q4 2011’s S$7.7 billion and 60 percent down from the S$8.4 billion recorded in Q1 2011. Savills said the decline of investment sales may be...