The Business Times / May 13th, 2017
The Business Times reports: SINGAPORE posted one of the strongest performances in inbound real estate investment volume in the Asia-Pacific region for the first quarter this year.
The total deal value increased 170 per cent to reach US$2.3 billion, from US$838.2 million a year ago, according to a report released by Real Capital Analytics (RCA) on Friday.
Petra Blazkova, RCA’s senior director of analytics for Asia-Pacific, told The Business Times: “In the last couple of years, Singapore has been through fairly slow market growth on the rental income side. The economy was quite subdued, so investors were shying a little bit away from Singapore because they couldn’t foresee when the trend for growth would come.