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Singapore has emerged as the world’s fourth top source of real estate investment, behind the USA, Canada and Germany, reported Singapore Business Review citing a report by Cushman and Wakefield.
Including development land, the Asia Pacific region attracted the biggest amount of property investment as it accounted for 50 percent of total transactions in 2018.
European volumes dropped 10 percent year-on-year in 2018, reflecting the region’s lowest ever share of investment. The North American real estate market, on the other hand, outperformed as it grew 16.9 percent year-on-year, with a 31 percent share of total investment.
Excluding development sites, all regions witnessed a decline in transaction volumes, except for North America which saw investment hit a post-Global Financial Crisis peak.
The MEA and Latin America posted their lowest transaction volumes since 2009.
“While all sources of capital pulled back on investment into EMEA, Latin America saw Chinese investors targeting the region,” noted Cushman and Wakefield.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
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