Investment in Singapore’s commercial real estate market increased by more 175 percent in the first three quarters of 2019, according to data from JLL, while the city-state has powered past the likes of Tokyo, Sydney, Hong Kong and Melbourne to top Urban Land Institute and PwC’s Best Investment Prospects for 2020.
With the ongoing political and economic uncertainty around the world, Singapore has become a safe haven for investors.
“Private equity and institutional real estate investors have been more active in the last 24 months due to Singapore’s property market recovering following the pick-up in economic activity in 2016 and 2017, and favorable demand-supply dynamics,” said Tay Huey Ying, head of research, JLL Singapore.
Singapore’s pole position is supported by the strong interest from global investors for Asian real estate. Investment volumes in Asia Pacific have continued to break records in recent years, with the first three quarters of 2019 hi
