Singapore is now ranked No. 1 for real estate investment prospects in terms of price increases next year. Hong Kong, buffeted by months of violent anti-government protests, has plunged to the bottom of the list from 14th place this year.
This is according to an Urban Land Institute and PwC report on property trends in the region that was released yesterday.
Singapore was also one of the few markets regionally to see a jump in property transactions in the first half of this year, with most activity driven by cross-border capital. Deals totalled US$4.9 billion (S$6.7 billion) in the period, up 73% year on year, the report found.
Australia also registered a rise, with deals increasing 3% to almost US$12 billion.
– Nov 13, 2019